By Neil Patel
Publication Date: 2026-10-13 22:06:00
When investors talk about artificial intelligence (AI), Nvidia (NVDA +0.97%) might be the first business that comes to mind. There’s a good reason for that. In the past five years, its shares have climbed 1,000%. Because the company is a critical provider of AI hardware, it will continue to capture the market’s attention.
But where could this AI stock be in five years?
Image source: Nvidia.
Incredible demand is driving the financials
The AI infrastructure build-out is in full swing and Nvidia has benefited more than any other company as the major hyperscalers are in a race to build more data centers. Nvidia Chief Financial Officer Colette Kress has estimated that combined capital expenditures will total “nearly $800 billion in 2026.” The upward trajectory is unmistakable.
The largest cost component of these facilities is the graphics processing units that Nvidia specializes in, with Vera Rubin being the latest platform. Nvidia has over 80% share of the market for data center chips. It has, unsurprisingly, registered eye-popping demand in recent years that has driven its financials to new heights.
Nvidia reported $96.2 billion of revenue in its fiscal second quarter (ended July 26), a figure that rose 106% year over year. And its net income was up 126%. Pricing power has been a notable contributor to these numbers.
According to analyst estimates, Nvidia’s revenue is set to grow at a compound annual rate of 61% between fiscal 2026 and fiscal 2029, which will close in…
