From Nasdaq: 2024-11-13 04:45:00

Beth Kindig, technology analyst at the I/O Fund, predicts Nvidia (NASDAQ: NVDA) could reach a $10 trillion valuation by 2030, surpassing the combined worth of Apple, Microsoft, Amazon, and Tesla. This forecast suggests a 185% increase from Nvidia’s current market value of $3.5 trillion, translating to 19% annual share price growth.

Nvidia’s dominance in the AI economy, particularly with a 98% market share in data center GPUs, positions the company for significant growth. The introduction of the CUDA programming model in 2006 laid the foundation for Nvidia’s leadership in AI accelerators, allowing for innovation across hardware and software.

The upcoming launch of Nvidia’s Blackwell GPUs, promising faster AI training and inferencing capabilities, presents a significant catalyst. The company reported strong financial results in the second quarter of fiscal 2025, with revenue increasing by 122% to $30 billion. Analysts project substantial demand for Blackwell chips, driving future growth.

With projections of annual AI accelerator sales growth at 29% through 2030, Nvidia stands to capitalize on the expanding AI market. As data centers transition to accelerated computing, Nvidia’s leadership in GPUs could fuel further growth. Wall Street expects adjusted earnings to rise at 37% annually, supporting the company’s potential for a $10 trillion valuation by 2030.



Read more at Nasdaq: 1 AI Stock May Be Worth More Than Apple, Microsoft, Amazon, and Tesla Combined by 2030, According to a Wall Street Analyst