NVIDIA CEO Jensen Huang reaffirmed his forecast that annual capital expenditures on data centers will reach $3 trillion to $4 trillion by 2030. The projection reflects anticipated growth in AI infrastructure. Huang has visibility into major customers’ long-term build-out plans.
The potential revenue estimate assumes NVIDIA maintains its current market share of around 40%. Under that scenario, the company’s revenue could exceed $1 trillion by 2030.
Morgan Stanley recently named NVIDIA a top pick among semiconductor stocks.