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Nvidia’s Market Growth Projections
Nvidia (NASDAQ: NVDA) reported a current market cap of approximately $4.3 trillion and predicts it could reach $15 trillion by 2030. This projection indicates a potential upside of about 250% from today’s share price, driven primarily by increasing demand for GPUs in artificial intelligence applications.
In the latest earnings call, Nvidia revealed plans for significant growth, with projected revenues of $206 billion for the current fiscal year and an estimation that global data center capex could rise to between $3 trillion and $4 trillion by 2030. The company anticipates capturing about 30% of the AI-related capital expenditures.
Over the past year, Nvidia generated $165 billion in revenue, underscoring its position as a critical player in the AI and data center markets, especially among major hyperscalers like Amazon and Microsoft.
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