Jensen Huang's $4 Trillion Artificial Intelligence (AI) Projection Could Propel Nvidia's Market Cap to $20 Trillion
Nvidia could actually lose a meaningful slice of its market share and still hit that milestone by 2030.
Overview
Nvidia (NASDAQ: NVDA) enjoys one particular attribute that is a hallmark of many successful companies: It's still being led by one of its founders, Jensen Huang. There are countless examples of visionaries who have built business empires, and Huang ranks among the best.
Over the company's past few quarterly conference calls, Nvidia has repeatedly told investors it expects that the world's annual data center capital expenditures could grow to up to $4 trillion by 2030. That's a huge prediction, and if it's right, Nvidia could become a $20 trillion stock over the next few years.
Details
That would be a gigantic increase from its $5 trillion market cap today, but the math to support that prediction is pretty simple.
Source
Originally published at www.fool.com.
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