To turn $10,000 into $1 million, Nvidia stock would need to increase a hundredfold, or 10,000%. Over the past 10 years, Nvidia stock has increased by more than 24,000%, and an initial $10,000 investment would now be worth over $2.4 million. Can Nvidia stock achieve that again over the next 10 years?

Nvidia (NASDAQ: NVDA) once again demonstrated rapid growth as demand for its graphics processing units (GPUs) remains robust. Let's take a closer look at Nvidia's results to see whether the stock still has a lot of growth left in the tank.

Shares of Nvidia Corp. closed up 2.8% on Tuesday, putting the company back on top as the most valuable U.S. public company by market capitalization. With a stock price of $141.22 per share, the computer-chip maker NVDA ended Tuesday’s trading day with a $3.