Key Points
- The global AI market is projected to reach $4.8 trillion by 2033, rising from $189 billion in 2023, according to a United Nations report.
- Nvidia, the leader in AI chip design, anticipates significant revenue growth, with an expected increase of 54% to $200.6 billion for the current fiscal year ending January 2026.
The AI market could grow 25-fold within a decade, providing substantial opportunities, particularly for Nvidia, which currently has a market cap of $4.2 trillion. Analysts predict Nvidia’s annual revenue could approach $300 billion by 2028, driven mainly by its data center segment, which contributes over 90% of its revenue.
This growth in the AI sector reflects increasing investments from major tech companies, including Meta Platforms, which plans to spend hundreds of billions on new AI infrastructure in the U.S.
