<p>Are you looking to turn a modest amount of money into a seven-figure sum in a relatively short period of time? Most get-rich-quick ideas end up being a bust. There are some names, however, that should be capable of beating the broad market's performance well enough to do so, if you can give them enough time -- like 10 years. Here's a closer look at three such prospects.</p>
<h2>1. Taiwan Semiconductor Manufacturing</h2>
<p>Contrary to a common assumption, chipmakers like<strong> Nvidia</strong>,<strong> Intel</strong>, and <strong>Qualcomm</strong> don't actually make their own silicon. Although Intel is making some problem-plagued efforts to establish its own foundries, by and large most of these companies recognize that it's actually cheaper -- and far easier -- to punt this work to a third-party manufacturer.</p>
<div><img alt="A person sleeps while surrounded by cash bundles." width="880" height="528" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTUxODUvbWlsbGlvbmFpcmUtcmV0aXJlZS1zbGVlcGluZy1jb21mb3J0YWJseS5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTUxODUvbWlsbGlvbmFpcmUtcmV0aXJlZS1zbGVlcGluZy1jb21mb3J0YWJseS5qcGcmdz0zODQw"/>
<p>Image source: Getty Images.</p>
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<p><strong>Taiwan Semiconductor Manufacturing</strong> <span class="ticker-mention inline-flex items-center font-bold">(TSM <span class="ml-1 text-red-900">0.14%</span>)</span> is one of these manufacturers. It's also the biggest, particularly for the high-performance microchips required by computers, artificial intelligence (AI) data centers, and smartphones. All told, it did $112 billion worth of business last year, up nearly 32% from 2024's top line. Analysts are looking for sales growth of more than 30% this year, and nearly 24% next year, as the number of AI data centers continues to explode.</p>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="Taiwan Semiconductor Manufacturing Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1RTTS5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1RTTS5wbmcmdz0xMjg"/></div><div><h2>NYSE: TSM</h2><div>Taiwan Semiconductor Manufacturing</div></div></div><div><div><div>Today's Change</div><div>(-0.14%) $-0.50</div><div>Current Price</div><div>$370.04</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$1.9T</div><div>Day's Range</div><div>$366.46 - $373.43</div><div>52wk Range</div><div>$134.25 - $380.00</div><div>Volume</div><div>28K</div><div>Avg Vol</div><div>13M</div><div>Gross Margin</div><div>59.02%</div><div>Dividend Yield</div><div>0.83%</div></div></div></div></section>
<p>Not every year will be so good; the chip industry is at least occasionally somewhat cyclical, too.</p><div><div id="foolcom_sidebar_top_container"></div></div>
<p>With what's effectively a near-monopoly on the semiconductor manufacturing business, TSMC is certain to enjoy more good years than bad.</p><div></div>
<h2>2. ServiceNow</h2>
<p>It's been a rough past few weeks for most artificial intelligence stocks. <strong>ServiceNow</strong> <span class="ticker-mention inline-flex items-center font-bold">(NOW <span class="ml-1 text-red-900">3.42%</span>)</span> is no exception. Shares of this workflow automation platform provider have been nearly halved just since the middle of last year, despite analysts' expectations for revenue growth of 21% this year and more than 18% next year. Being in the AI business is just a huge liability at this time.</p><div><div id="in_line_article_pitch_container"></div></div>
<p>What's largely underappreciated about ServiceNow, however, is that it was a successful digital/automated workflow service provider well before AI revolution heated up. And, given the practical, user-friendly nature <em>and </em>proven marketability of its offerings, it's unlikely that any sweeping rethink of all the money currently being spent on AI now will actually disrupt ServiceNow's business growth.</p>
<h2>3. BYD</h2>
<p>Finally, anyone keeping close tabs on China's electric vehicle powerhouse <strong>BYD Company</strong> <span class="ticker-mention inline-flex items-center font-bold">(BYDDY <span class="ml-1 text-green-900">+1.69%</span>)</span> likely knows it continues to lose market share in its home market, slipping to 16% last month versus 27% at this point a year earlier.</p>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="BYD Company Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0JZRERZLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0JZRERZLnBuZyZ3PTEyOA"/></div><div><h2>OTC: BYDDY</h2><div>BYD Company</div></div></div><div><div><div>Today's Change</div><div>(1.69%) $0.21</div><div>Current Price</div><div>$12.62</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$139B</div><div>Day's Range</div><div>$12.57 - $12.77</div><div>52wk Range</div><div>$11.20 - $20.05</div><div>Volume</div><div>1.9M</div><div>Avg Vol</div><div>1.7M</div><div>Gross Margin</div><div>23.15%</div><div>Dividend Yield</div><div>1.46%</div></div></div></div></section>
<p>BYD isn't strictly focused on China anymore, though. It delivered a total of 187,657 EVs to a very receptive Europe last year, up more than 268% from 2024's count. Look for impressive numbers here going forward, too.</p>
<p>That's still not a core component of the bullish argument here, however. BYD stock is a buy predominantly because it's already the world's second-biggest manufacturer of the lithium batteries used in electric vehicles. It's making great strides (like solid-state batteries and lithium iron phosphate &#34;blade&#34; batteries) that should keep it competitive in an EV battery market that Precedence Research expects to grow at an average annualized pace of 26% through 2034.</p><div id="article_pitch_container"></div><div id="promobox_container"></div>

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<p>The article discusses three stocks that could potentially turn a $100,000 investment into $1 million over a decade. The first is Taiwan Semiconductor Manufacturing (TSMC), a leading chip manufacturer with strong growth prospects due to the demand for AI data centers. The second is ServiceNow, a workflow automation platform that is expected to grow despite recent market challenges. Lastly, BYD Company, a major player in electric vehicles and lithium battery manufacturing, is highlighted for its growth in Europe and advancements in battery technology. Investors are encouraged to consider these stocks for long-term gains.</p>

- The article discusses three investment prospects that could significantly increase in value over the next decade.  
- Taiwan Semiconductor Manufacturing is a leading chipmaker with strong sales growth expectations, while ServiceNow is expected to remain resilient despite fluctuations in the AI sector.  
- Lastly, BYD Company, despite facing market share challenges in China, is poised for growth due to its strong position in the electric vehicle battery market.

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Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade