Should You Forget Nvidia and Buy These 2 Millionaire-Maker Stocks Instead?

Key Points

• Nvidia has been an incredible investment, but at this point it will likely deliver more modest growth.

• AMD is another chipmaker with soaring revenue, and it also has a profitable gaming segment.

• Ride-hailing app Uber has a dominant position and is investing in robotaxis and a new ads platform.

• 10 stocks we like better than Advanced Micro Devices ›

Nvidia (NASDAQ: NVDA) has delivered life-changing returns to investors who got in before the rise of artificial intelligence (AI). A $10,000 investment in Nvidia 10 years ago would now be worth nearly $3.6 million.

While Nvidia was a millionaire-maker stock, it's grown too much to expect anything similar going forward. The chipmaker now tops the list of the largest companies in the world with a market capitalization of $4.2 trillion. It's still a quality investment, as it has excellent products and delivers consistent revenue growth, but the share price is unlikely to skyrocket from here.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

That's fine if you're looking for blue chip stocks. If you're looking for companies with more room to grow, here are two to check out now.

Image source: Getty Images.

1. Advanced Micro Devices

Nvidia isn't the only game in town when it comes to graphics processing units (GPUs). Advanced Micro Devices (NASDAQ: AMD), or AMD for short, also makes GPUs as well as processors, microprocessors, and AI accelerators. The AMD MI300 AI chips have been particularly successful, reaching $1 billion in sales in less than two quarters. They're the "fastest ramping product in AMD history," according to CEO Lisa Su.

AMD has been reporting strong earnings numbers, including to start the year. Revenue shot up by 57% to $7.4 billion as of 2025's first quarter, beating analyst expectations. Half of its revenue ($3.7 billion) comes from its data center segment, which grew by 57% year over year, which is normal for chip companies. Its client and gaming segment also did well, increasing 28% to $2.3 billion.

AMD should continue to benefit from the growth in data center spending. AI hyperscalers are investing heavily in data centers -- $430 billion in 2024, and that's estimated to hit $1.1 trillion by 2029. No company wants to be dependent on a single supplier, and AMD has emerged as the main alternative to Nvidia.

Even though data centers are now AMD's biggest segment, gaming is another area where it should see continued growth. It has been a longtime partner of Sony, making custom central processing units (CPUs) and GPUs for its PlayStation consoles, and of Microsoft for its Xbox consoles.

2. Uber

The ride-hailing industry is projected to grow from $69 billion in 2024 to $918 billion in 2033, according to Straits Research. No company is more prepared to benefit from that trend than Uber Technologies (NYSE: UBER). Last year, it had a 76% share of the U.S. market, with Lyft in second place at 24%.

In the early stages, Uber prioritized rapid growth over profitability. While the growth is still there, Uber is now cash-flow positive as well. Net income in Q1 2025 was $1.8 billion, and revenue increased by 14% to $11.5 billion. Perhaps best of all, free cash flow jumped by 66% to $2.3 billion, and the company now has $5.1 billion in cash on its balance sheet.

A dominant position in a growing market is always good. Uber has also excelled at finding opportunities to expand and improve its business. Uber Eats had a 23% share of the meal-delivery market last year -- well behind leader DoorDash but more than enough to be a big revenue driver. Delivery revenue was up 18% to $3.8 billion year over year in Uber's Q1 earnings, accounting for about a third of total sales.

In addition, Uber has developed an ads platform to incorporate into the rides and deliveries sections of its app, opening up another way to make money. It's also investing in robotaxis, a move that could drastically cut its costs and reduce its driver needs. If those businesses take off, Uber could be a home run investment over the next decade.

You shouldn't necessarily forget Nvidia, as it's a good company to buy and hold in your portfolio. It also doesn't hurt to diversify with some other tech stocks. AMD and Uber are two with the potential to deliver sizable returns.

Should you invest $1,000 in Advanced Micro Devices right now?

Before you buy stock in Advanced Micro Devices, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Advanced Micro Devices wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $630,291!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,075,791!*

Now, it’s worth noting Stock Advisor’s total average return is 1,039% — a market-crushing outperformance compared to 182% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of July 29, 2025

Lyle Daly has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, DoorDash, Microsoft, Nvidia, and Uber Technologies. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.