NVIDIA and Bitcoin Led a Decade That Left Bonds Far Behind

As seen on the 24/7 Wall St. homepage on October 17, 2026.

Bonds returned 14% over the decade, well short of the 39% rise in inflation, while Nvidia returned 13,127%. That gap explains why so many portfolios now lean hard on a handful of AI names.

Last 10 Years... NVIDIA $NVDA: +13,127% Bitcoin $BTC: +12,645% $AMD: +7,733% Tesla $TSLA: +2,607% Apple $AAPL: +1,177% Microsoft $MSFT: +938% Google $GOOGL: +755% Amazon $AMZN: +509% Meta $META: +460% S&P $SPY: +319% Gold $GLD: +220% US Inflation: +39% US Bonds $AGG: +14%
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Over the ten years tracked by Charlie Bilello, NVIDIA returned 13,127%, with Bitcoin, AMD, Tesla and Apple also moving the needle for long-term holders.

The S&P 500 returned 319% over the same stretch, a result most investors would have been thrilled with in isolation. Seen alongside the AI-era leaders, it underscores how concentrated the decade's outsized gains turned out to be.

US bonds returned just 14% over ten years, while US inflation rose 39% over the same period. Every dollar left in bonds lost real purchasing power, a quiet loss compounded across millions of conservative portfolios.

Gold managed 220%, clearing inflation comfortably but trailing equities by a wide margin. The weight given to bonds versus growth equities a decade ago produced wildly different outcomes.

Mentioned: NVDA, AMD, TSLA, AAPL, MSFT, SPY, GLD, AGG