Nvidia (NASDAQ: NVDA) has been, without a doubt, the market-leading stock since 2023. While you can come up with other examples of stocks that have outperformed Nvidia since 2023 (its stock is up over 1,200% since then), Nvidia’s rise has led it to become the world’s largest company.
However, the past is the past. While Nvidia’s past has led it to become the go-to computing unit option for artificial intelligence (AI) workloads, it still must maintain that level in the future. Furthermore, AI hyperscalers must continue to have an appetite to expand, as Nvidia’s success is predicated on AI computing expansion.
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So, where will Nvidia be in five years? Let’s take a look at some projections and see just how big this company can get.
Nvidia’s graphics processing units (GPUs) are the industry standard in AI computing. Nvidia’s GPUs have long been deployed in computing environments where the utmost computing power is needed, and AI is no exception. Whenever you hear about a new data center being announced, chances are high that Nvidia’s computing equipment is going to make its way inside. While there is rising competition from alternative computing suppliers and methods, the reality is that Nvidia’s hardware is still the best all-around product for most applications.
We’ve barely scratched the surface of how much computing power is needed to run an AI-first business world, which is why all of the AI hyperscalers have announced record-setting capital expenditures after setting a previous record last year. This bodes well for Nvidia, but it believes that this pattern will continue through at least 2030.
In 2025, it is estimated that global data center capital expenditures will reach $600 billion. By 2030, they believe this number will be $3 trillion to $4 trillion. That’s massive growth, and if it pans out, Nvidia could cross $1 trillion in annual revenue.
For fiscal year 2026 (ending January 2026), Wall Street analysts expect $213 billion in revenue. So, if the $600 billion figure for 2025 is correct, then that works out to Nvidia receiving around 36% of total data center spending. If we reach the midpoint of Nvidia’s projection and it maintains its market share, that means Nvidia would generate $1.24 trillion in revenue.
There’s no guarantee of that, but that would be unbelievable growth in a five-year timeframe. Furthermore, Nvidia isn’t the only one making projections like this. There are several other companies offering similar growth guidance, further validating Nvidia’s projection.
