NVIDIA CEO Jensen Huang reaffirmed his projection that annual data center capital expenditures will reach $3 trillion to $4 trillion by 2030. He said NVIDIA’s revenue could exceed $1 trillion by then if the company maintains its current market share. That would be up from an estimated $411 billion in 2026.
NVIDIA shares reached an all-time high, ending a 96-day streak without a new record. Morgan Stanley named NVIDIA its top semiconductor pick. The company previously announced a $150 billion share repurchase authorization.