Nvidia (NASDAQ: NVDA) has seen significant growth in recent years, up over 1,000% since 2023 and 250% since 2024. Analyst Phil Panaro predicts the stock could reach $800 per share by 2030, a 370% increase. Despite being the world’s largest company, Nvidia’s potential for growth remains high.

Nvidia specializes in GPUs, essential for tasks requiring high computing power like AI models. With a 30% market share in data centers, the company generated $115 billion in revenue in 2025. Projections suggest data center capex could reach $1 trillion by 2028, indicating strong growth potential for Nvidia.

However, projections fall short of Phil Panaro’s $800 target by 2030. If data center industry growth maintains at 26% until 2030, Nvidia’s revenue could see a 217% increase. While not meeting the target, Nvidia remains a strong performer with potential for market-beating returns.

Considerations before investing in Nvidia include analysis by the Motley Fool Stock Advisor team, who highlight 10 promising stocks for investors, excluding Nvidia. Their track record shows significant returns on past recommendations, making their insights valuable for investors seeking high-growth opportunities. 1. The stock market experienced a sharp decline today, with the S&P 500 falling by 2.5% and the Dow Jones Industrial Average dropping by 600 points.
2. In economic news, the unemployment rate has increased to 6.5%, with 1.5 million new jobless claims filed last week.
3. The Federal Reserve announced plans to keep interest rates near zero for the foreseeable future in an effort to support the struggling economy.
4. In international news, tensions have escalated between the US and China over trade disputes and national security concerns.

Read more at Nasdaq: Can Nvidia Stock Skyrocket Another 370% By 2030? 1 Wall Street Analyst Says Yes.