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Nvidia Corp. NVDA has proven to be a more lucrative investment than Tesla Inc. TSLA over the past decade, according to Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management, who recommends treating the chipmaker as a core portfolio holding alongside tech giants.
What Happened: “Nvidia has been a better investment than Tesla over the last 10+ years,” Gerber told Yahoo Finance in a recent interview. “For investors, Nvidia needs to be a part of your portfolio just as much as Apple Inc. AAPL and Microsoft Corp. MSFT.”
The statement comes as Nvidia has captured unprecedented attention from retail investors in 2024, attracting nearly $30 billion in individual investor inflows through mid-December, according to CNBC. This surpasses the investment in broad market funds like the SPDR S&P 500 ETF Trust SPY by almost twofold.
Nvidia’s stock has soared more than 180% year-to-date, surpassing Tesla’s 73% increase during the same period. This remarkable performance has pushed Nvidia’s market capitalization above $3 trillion, while Tesla’s stands at $1.3 trillion, solidifying Nvidia’s leadership in artificial intelligence technology.
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Here’s a split-adjusted comparison table of Tesla vs. Nvidia stock gains from 2014 to 2024:
| Year | Tesla Annual % Change | Tesla Year Close | Nvidia Annual % Change | Nvidia Year Close |
|---|---|---|---|---|
| 2024 | 73.72% | $431.66 | 176.74% | $137.01 |
| 2023 | 101.72% | $248.48 | 239.02% | $49.51 |
| 2022 | -65.03% | $123.18 | -50.27% | $14.60 |
| 2021 | 49.76% | $352.26 | 125.48% | $29.36 |
| 2020 | 743.44% | $235.22 | 122.30% | $13.02 |
| 2019 | 25.70% | $27.89 | 76.95% | $5.86 |
| 2018 | 6.89% | $22.19 | -30.89% | $3.31 |
| 2017 | 45.70% | $20.76 | 81.98% | $4.79 |
| 2016 | -10.97% | $14.25 | 226.94% | $2.63 |
| 2015 | 7.91% | $16.00 | 67.10% | $0.81 |
| 2014 | 47.85% | $14.83 | 27.39% | $0.48 |
The upcoming CES 2025 keynote, where CEO Jensen Huang is expected to unveil new GPU products, has further fueled anticipation.
See Also: Boeing In Spotlight After Fatal 737-800 Crash In South Korea, Stock Declined 28% Amid Deepening 2024 Challenges
Why It Matters: Gerber’s endorsement carries weight given his track record as a critical Tesla investor and his firm’s substantial market presence. Gerber Kawasaki manages over $2.1 billion in assets, according to its latest 13F filing.
The recommendation also aligns with broader market sentiment, as retail investors have increasingly favored Nvidia over previous retail favorite Tesla. Despite recent market volatility, Vanda Research notes that Nvidia maintains a growing presence in average investment portfolios.
The company’s strength in AI chips has been further bolstered by recent U.S. policy developments, including a President Joe Biden administration’s investigation into China’s semiconductor industry that could benefit American chip producers.
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