Nvidia has built a solid position for itself in this fast-growing data center niche that could help generate sizable revenue for the company in the long run.

Shares of NVIDIA Corp. NVDA slid 1.59% to $116.00 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.09% to 42,063.36 and the S&P 500 Index SPX falling 0.19% to 5,702.55.

Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant's fortunes turn.

Advanced Micro Devices, Inc.'s MI300 accelerator is driving big data center sales growth, narrowing the Nvidia gap. Find out more on AMD stock here.

The stock's rise snapped a four-day losing streak.

If you had invested $5,000 in Nvidia (NASDAQ: NVDA) 10 years ago, your investment would be worth more than $1.24 million today. The chipmaker minted a lot of millionaires, as its sales of gaming and data center graphics processing units (GPUs) skyrocketed.

If you want to earn a big return and turn $25,000 into more than $1 million, there is a safer and better way to do so -- assuming that you're willing to be patient. An exchange-traded fund (ETF) can allow you to generate some massive gains over the years,

Nvidia (NASDAQ: NVDA) has been the stock everyone is talking about for quite some time -- and for good reason. The company dominates the artificial intelligence (AI) chip niche with a market share of about 80%,

So, it's clear Nvidia has been a winning investment for those who got in on the stock early before it became an AI powerhouse. Now, the big question: Moving forward, could Nvidia once again help investors reach millionaire status?