By Keithen Drury
Publication Date: 2026-03-23 05:45:00
Nvidia (NVDA 3.17%) is currently the world’s largest company, with a market cap of $4.4 trillion. However, I think that over the next three years, it could grow to $10 trillion.
If that view proves accurate, Nvidia would be a no-brainer stock to buy at today’s prices.
Image source: Getty Images.
The math for a megacap to more than double
Nvidia grew to its current massive size thanks to insatiable demand for its artificial intelligence (AI) processors. Companies cannot get enough of its computing units, which allows it to charge premium prices and book massive profits. And demand doesn’t seem to be slowing down.
Nvidia projects that annual global data center capital expenditures will rise to $3 trillion to $4 trillion by the end of 2030. With the big four AI hyperscalers — Meta Platforms, Microsoft, Amazon, and Alphabet — spending around $650 billion on capex this year, there’s still a massive runway for growth. For 2025, Nvidia estimated that total data center spending would be around $600 billion, and estimating that this spending will double in 2026 seems to make sense based on what the hyperscalers’ projections are telling us.
Today’s Change
(-3.17%) $-5.66
Current Price
$172.90
Key Data Points
Market Cap
$4.2T
Day’s Range
$171.73 – $178.11
52wk Range
$86.62 – $212.19
Volume
6.5M
Avg Vol
174M
Gross Margin
71.07%
Dividend Yield
0.02%
Nvidia’s growth lines up with this projection for the most part, as analysts’ consensus estimate is for its revenue to rise around 70% this year….
