Nvidia Targets $10 Trillion Market Cap by 2030
Nvidia (NASDAQ: NVDA) is aiming to reach a $10 trillion market cap by 2030, requiring an annualized return of approximately 18% to more than double its current market cap of around $4.7 trillion. Analysts predict Nvidia’s fiscal 2029 revenue could hit $688 billion, supporting this ambitious valuation at a price-to-earnings ratio of 30 times.
Research firm Gartner forecasts global AI spending will rise to about $2.6 trillion by 2026, a 47% increase compared to last year, with expenditures on AI-optimized servers expected to triple over the next five years. This growth could significantly expand Nvidia’s total addressable market, making its target more achievable, provided it maintains its position as a leading chip supplier in the evolving AI infrastructure sector.
To align with a $10 trillion market cap, Nvidia would need to achieve approximately $333 billion in profit based on a P/E ratio of 30. Comparatively, the company’s net income for fiscal 2026 was around $120 billion with total revenue of $216 billion. Analysts forecast an annualized revenue growth rate of 32%, potentially driving profits to $344 billion by fiscal 2029 and positioning Nvidia well within its growth targets.
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