$25.8 Trillion Potential Upside

Nvidia, the renowned chip maker, is set to reach a staggering $10 trillion market valuation by 2030, according to tech analyst Beth Kindig from I/O Fund. With its current $2.8 trillion valuation, Nvidia is already the third-largest company globally, and Kindig believes that its next-generation Blackwell GPU chip will be a key driver of its future growth.

Kindig predicts that Nvidia’s stock will surge by 258% from its current levels, following its impressive performance this year, where it has more than doubled in value. The company’s success can be attributed to the increasing adoption of its H100 AI chips, which have tripled in value in 2023.

The Blackwell GPU chip is expected to surpass its predecessor, the H100, and generate a substantial $200 billion in data center revenue by the end of Nvidia’s fiscal year 2026. Kindig emphasized the importance of Nvidia’s CUDA software platform and its exposure to the automotive market in driving this growth.

Kindig also highlighted Nvidia’s strong position in the AI data center market, estimating that the company will capture the majority of the market share, leaving competitors like AMD and Intel behind. She emphasized Nvidia’s software offerings, particularly the CUDA platform, as a key factor in locking in customers and maintaining a competitive edge.

In conclusion, Kindig expressed confidence in Nvidia’s ability to outperform competitors, noting that custom silicon AI chips developed by tech giants like Amazon and Alphabet will not directly compete with Nvidia’s offerings. With a strong foundation in place and a clear growth strategy, Nvidia appears poised for continued success in the coming years.