• Artificial intelligence (AI) infrastructure spending is expected to rise, benefiting Nvidia, which could see its stock climb to over $800 by 2030.
• Taiwan Semiconductor Manufacturing forecasts 50% annual growth in AI chip revenue through 2029, while Ark Invest predicts data center capex to triple to $1.4 trillion by 2030.
• Nvidia holds a dominant position in AI chip space with a 90% market share in GPUs, poised to capitalize on the growing demand for networking in AI infrastructure.
• Nvidia’s revenue projection of $213.4 billion for fiscal year 2031 could lead to $1.4 trillion by 2032, with adjusted earnings potentially reaching over $792 billion.
• With a 15% tax rate on operating income and a 20-to-25 forward price-to-earnings ratio, Nvidia’s stock could reach $650 to $815 by the end of 2030.
• The potential growth outlook makes Nvidia a compelling buy for investors looking at long-term growth opportunities.
• Consideration before buying Nvidia stock: Motley Fool’s Stock Advisor analysts have identified 10 best stocks for investors to buy now, excluding Nvidia.
• Stock Advisor’s total average return of 945% surpasses the S&P 500’s 197%, showcasing market-beating performance.
• Join an investing community focused on individual investors and access the latest top 10 list for potential high returns in the market.

Read more at Nasdaq: Nvidia Stock Price Target: Where Will It Be in 5 Years?