Here's How Nvidia Could Become the World's First $5 Trillion Stock by 2030
Nvidia (NASDAQ: NVDA) is having one of the best years in its history. Its stock has surged 233% so far, propelling the company to a valuation of more than $1 trillion. Its recent success is driven by its data center chips designed for artificial intelligence (AI) workloads.
I think Nvidia could ride the AI trend to become the world's first $5 trillion company by 2030. However, it will have to beat other tech giants like Apple and , which are much closer to the mark with valuations of $3 trillion and $2.8 trillion, respectively.
But Nvidia's recent growth rates suggest it could leapfrog both of them, even if the company endures a substantial slowdown. Investors who buy Nvidia stock today will enjoy a gain of 323% if it does cross the $5 trillion mark. Here's how it could get there.
Source Fool.com
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