By Keithen Drury, The Motley Fool
Publication Date: 2026-10-04 04:50:00
Key Points
Nvidia’s revenue could more than triple if its projection turns out.
Nvidia is one of the best AI stocks to buy right now.
Jensen Huang, one of the co-founders of Nvidia(NASDAQ: NVDA), is no stranger to making bold predictions. One that he has been floating for a few years is that data center capital expenditures will reach $3 trillion to $4 trillion annually by 2030. That’s a massive increase from today’s levels, and he just commented that he believes that projection is still accurate.
While that projection may sound outlandish, I think there’s some truth to it, because Huang is privy to conversations that the regular investor is not.
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Nvidia is poised to head higher with this guidance
While investors should view most CEO comments through a cautionary lens, this is one situation where I think investors should be a bit more trusting. The data center build-out is in full swing, and many companies cannot access enough computing units to meet their needs. This is causing them to plan out their growth over several years. Part of this means sharing their build-out projections with suppliers like Nvidia, which can then tell their suppliers how much capacity to prepare for. This can happen years in advance…
