Prediction: This Will Be Nvidia's Stock Price 5 Years From Now

Sun, Sep 7, 2025, 6:05 PM 5 min read

• Nvidia CEO Jensen Huang predicts data center spending will soar to $3 trillion to $4 trillion by 2030.

• The company dominates the data center GPU market, so it's well-positioned to profit from this trend.

• Nvidia is attractively priced, particularly given the magnitude of the opportunity.

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Nvidia (NASDAQ: NVDA) has risen through the ranks to become the world's largest company when measured by market cap, and its astronomical rise has been a sight to behold. Despite the stock's blistering gains, many believe the best is yet to come. Nvidia has been one of the principal beneficiaries of the soaring adoption of artificial intelligence (AI), as its graphics processing units (GPUs) have become the gold standard for powering generative AI.

Most experts agree that the adoption of AI is ongoing, but what does this mean for Nvidia investors? Is it too late to ride the AI gravy train, or has it already left the station?

Let's look at the continuing opportunity and I'll make a bold prediction about where Nvidia stock could be by 2030.

Nvidia pioneered GPUs to render lifelike images in video games. The key factor to their success was parallel processing, which breaks down enormous computing tasks into smaller, more manageable chunks. This sped up the processing tremendously, revolutionizing the gaming industry. Nvidia quickly discovered that its GPUs could be harnessed to tackle other computationally intensive tasks, paving the way for machine learning (an earlier branch of AI), cryptocurrency mining, and even self-driving cars.

However, it's data center spending that's fueling the AI revolution. Despite record outlays this year, 2026 could mark another year of record capital expenditures (capex) spending by the major cloud operators. In fact, the world's largest hyperscalers -- Microsoft, Meta Platforms, Alphabet, and Amazon -- which are also Nvidia's biggest customers, are expected to collectively spend $454 billion on capex in 2026, an increase of 26%, with the vast majority of that spending earmarked to support AI.

Much of this additional spending will directly benefit Nvidia, which controls a 92% share of the data center GPU market, according to IoT Analytics. During its recent earnings call, CEO Jensen Huang suggested that its GPUs, semiconductors, accelerators, networking gear, and even full AI-supercomputers account for 58% (or more) of data center infrastructure spending. He went on the say that he expects data center spending of between $3 trillion and $4 trillion by 2030. Those estimates, if correct, have massive implications for Nvidia's future earnings potential, suggesting an addressable market of $1.74 trillion (or more) within the coming five years.