Tuesday, 02 January 2024 12:17 GMT

Nvidia Could Hit $1 Trillion Annual Revenue By 2030, Says Analyst: Report


(MENAFN- AsiaNet News)

Nvidia (NVDA) could become the first company to generate $1 trillion in annual sales within five years, according to New Street Research analyst Pierre Ferragu.

Ferragu told Barron's that he projects $3 trillion to $4 trillion in annual AI capital spending by 2030, in line with CEO Jensen Huang's outlook. If Nvidia maintains its estimated 55% to 60% market share, he said it could capture $1 trillion to $1.2 trillion in data-center revenue alone. 

The report added that, in comparison, Wall Street expects Nvidia to generate $84 billion in data center revenue at the end of fiscal year 2026.

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Read also: Musk Says Tesla Will Finish Master Plan Part Deux In 2026, Promises 'Concise' Master Plan 4

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