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Nvidia (NASDAQ: NVDA) has been projected to reach a price target between $1,942 and $3,115 in five years, with a base case estimate ranging from $1,300 to $2,125. This forecast stems from insights shared during Nvidia’s recent quarterly earnings call, which highlighted the company’s expected dominance in the AI infrastructure sector.
Nvidia’s Chief Financial Officer, Colette Kress, forecasted a total global AI infrastructure spending of $3 trillion to $4 trillion by the end of the decade. According to CEO Jensen Huang, Nvidia is positioned to capture approximately 58% to 70% of that market share, translating to potential revenues of up to $2.8 trillion.
The stock closed at $183.22 on October 17, with Nvidia currently generating an annual revenue run rate of $164.4 billion in AI-driven data center revenue. The projections suggest that Nvidia’s revenue could increase between 7.1 to 17.0 times over the next five years.
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