Imagine having been able to invest in Apple during its infancy in the early 1980s when visionary founder and Chief Executive Steven Jobs was rolling up his sleeves and just getting started.

Over the past 10 years, Apple shares have gained 1,064%. When Apple went public in 1980, it generated more capital than any initial public offering since Ford Motor in 1956 and immediately minted 300 new millionaires, more than any company in history.

Since going public, Apple's stock has soared 15,526%.

And this week, after three months in the doldrums, Apple is bouncing back. Over the past five days, as Chief Executive Tim Cook makes forays into India and consumers await the iPhone 7, the beaten-down stock has come back to life and gained about 4%, restoring its status as Wall Street darling.

Investors looking to get rich off Silicon Valley growth stocks, might think that they have missed the boat.

But rest assured, technological change never ceases. The world hasn't stopped creating new millionaires, and the newest ones will be spawned by the technological breakthrough of virtual reality.

The best VR play now is NVIDIA (NVDA) - Get Report . This company will generate profits for investors into the foreseeable future.

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With a market capitalization of $24.74 billion, the company benefits from being large-cap, but it still enjoys more room for growth than a behemoth such as Apple, which has a market cap of $534.82 billion.

The trends are in NVIDIA's favor, with VR expecting to generate global hardware revenue of up to $2.3 billion this year, according to a recent report from information technology research firm International Data Corp.

IDC expects the total number of shipped VR units to reach 9.6 million this year and 110 million units by 2020.

There are several plays on the explosion of VR, but NVIDIA produces high-quality gaming graphics processing units and graphic cards that are crucial for the operation of VR headsets.

NVIDIA's proprietary technologies include IrayVR, which allows users to forge visual and precise predictive designs. VR engineering and design is all the rage, and NVIDIA already has a substantial leg-up in this area.

The company also is collaborating with NASA in developing a Mars VR experience, in preparation for a mission to the red planet.

This isn't science fiction. Elon Musk's SpaceX has entered into an agreement with NASA for a rocket mission to Mars, scheduled for as early as 2018.

NVIDIA is a global visual computing provider, offering processors for gaming as well as design professionals working in creative applications such as computer-aided design, video editing and special effects. NVIDIA also offers cloud-based streaming for gaming devices.

The company removed a headwind this week by settling a patent infringement case with Samsung out of court.

With a trailing 12-month price-sales ratio of 4.62, NVIDIA's valuation isn't out of whack with the TTM P/S ratio of 3.52 for chief rival Qualcomm.

The stock has been on a tear rising more than 26%, after the company reported on May 12 stellar fiscal first-quarter operating results.

The company posted earnings of 46 cents a share on $1.31 billion in revenue, beating consensus estimates of 31 cents a share on revenue of $1.27 billion. A year earlier, the company posted earnings of 33 cents a share on $1.15 billion in revenue.

NVIDIA's stock still boasts long-term price momentum. The consensus forecast among 26 polled investment analysts covering NVIDIA is for the stock to outperform the market.

As VR technology achieves new breakthroughs and its applications expand from games and entertainment to communications, education and telemedicine, NVIDIA's entrenched position in VR puts it in the sweet spot for continued market dominance and capital appreciation.


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John Persinos is editorial manager and investment analyst at Investing Daily. At the time of publication, he owned shares of AAPL.