Key Points
Nvidia (NASDAQ: NVDA) has a market cap of approximately $4.5 trillion and is identified as one of the most undervalued artificial intelligence (AI) stocks available. The company reported a year-over-year revenue growth of 62% in its last quarter and anticipates fiscal Q4 revenue to rise 65% year-over-year, projecting to hit $65 billion. Analyst estimates forecast Nvidia’s adjusted earnings per share (EPS) to reach around $20 by fiscal 2030.
With around $52 billion in net cash and an expected free cash flow of $85 billion this year, Nvidia is positioned to capitalize on a projected $4 trillion in data center capital expenditures by the end of the decade. The U.S. government has recently allowed Nvidia to export its advanced H200 chips to China, further enhancing its growth potential, as global cloud companies plan to invest heavily in data infrastructure.
Nvidia commands over 90% of the data center GPU market share, supported by a robust ecosystem built around its products, and is on track to continue leading the AI infrastructure sector. Revenue projections estimate $213 billion in FY2026, growing to $876 billion by FY2030.
