Nvidia's (NASDAQ: NVDA) stunning rally since the beginning of 2023 has made it one of the most valuable companies in the world, with a market capitalization of $3 trillion. The graphics-card specialist is now the third-most-valuable company globally, but an early investor in Amazon and believes that Nvidia still has lots of room for growth.

Tech investor James Anderson, who was a former partner at investment management firm Baillie Gifford, believes that there's a 10% to 15% probability of Nvidia's market cap jumping to a whopping $49 trillion in the next 10 years. That's a very ambitious forecast, given that the overall market cap of companies in the S 500 index stands at just over $46.5 trillion.

Let's see why Anderson believes that a market cap of almost $50 trillion could be a possibility for Nvidia, and check if there could be even a slim chance of this possibility turning into reality.

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Source Fool.com