By Keithen Drury, The Motley Fool
Publication Date: 2026-10-25 17:48:00
Key Points
As a key supplier to the AI space, Nvidia has lot more information about the long-term build-out trajectories of its clients than outsiders do.
Based on forecasts for AI capex, Nvidia’s revenue growth could be rapid over the next few years.
A little over a year ago, Nvidia (NASDAQ: NVDA) CEO Jensen Huang made a bold projection: He informed investors that Nvidia expects global data center capital expenditures to reach up to $4 trillion annually by 2030. What’s even more impressive is the floor he gave for this projection was $3 trillion. He recently reaffirmed this forecast.
Those are huge figures, but what might they mean for Nvidia stock?
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Nvidia could be a far larger company in a few years
This year, Nvidia expects the big five AI hyperscalers alone to spend nearly $800 billion on data center capital expenditures. That doesn’t include the many smaller players that are building their own AI infrastructure. I think it’s reasonable to estimate that total data center capex will be around $1 trillion this year, which means Huang’s projection points to the market tripling to quadrupling between now and 2030.
For argument’s sake, let’s say Nvidia can maintain its market share. I think this is a…
