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Nvidia (NASDAQ: NVDA) currently dominates the AI chip market, controlling between 70% and 95% of the sector, and anticipates that data center spending could reach up to $4 trillion by 2030. The company’s dramatic growth is evident from its share price, which has surged over 1,200% in the past five years.
Nvidia CFO, Colette Kress, projects that companies will invest between $3 trillion to $4 trillion in data centers by 2030, with potential revenues for Nvidia’s data center segment reaching up to $75 billion per quarter by the end of next year. Additionally, CEO Jensen Huang highlights opportunities in robotics and AI as a combined “multitrillion-dollar growth opportunity.”
Despite challenges from a weakening economy—evidenced by only 22,000 jobs added in August—the long-term outlook for Nvidia remains strong, positioning it as a key player in the ongoing AI revolution through 2030.
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