Nvidia (NASDAQ: NVDA) is a top contender to become the first $10 trillion company, with Apple, Alphabet, and Microsoft trailing at around $4 trillion. Growth is the key driver, and Nvidia’s impressive revenue growth sets it apart. CEO Jensen Huang predicts data center expenditures to reach $3-4 trillion by 2030, positioning Nvidia for significant revenue and potential market cap growth.
With Nvidia potentially capturing 36% of global data center capital expenditures, analysts estimate its market cap could reach $12.5 billion by 2029. This projection relies on sustained data center spending and Nvidia’s dominant position in the market. Investors should consider the long-term potential of Nvidia as a key player in the AI and data center sectors.
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Read more at Nasdaq: Prediction: This Artificial Intelligence (AI) Stock Could Become the First $10 Trillion Company
