Nvidia CEO Jensen Huang Just Reaffirmed His Jaw-Dropping Projection for 2030
Nvidia is in command of the AI arms race.
Overview
Jensen Huang, one of the co-founders of Nvidia (NASDAQ: NVDA), is no stranger to making bold predictions. One that he has been floating for a few years is that data center capital expenditures will reach $3 trillion to $4 trillion annually by 2030. That's a massive increase from today's levels, and he just commented that he believes that projection is still accurate.
While that projection may sound outlandish, I think there's some truth to it, because Huang is privy to conversations that the regular investor is not.
Nvidia CEO Jensen Huang. Image source: Nvidia Corporation.
Details
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Originally published at www.fool.com.
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