Nvidia projects global data center capex could reach $4 trillion by 2030, potentially driving its market cap to $20 trillion.
Nvidia CEO Jensen Huang expects global data center capital expenditures to surge to $4 trillion by 2030, a projection that could lift the company’s market cap to $20 trillion. Nvidia currently trades at a $5 trillion valuation, with its GPUs dominating high-performance computing and AI infrastructure.
The company’s early lead in AI hardware has secured its position as the gold standard for data center processors. Major AI hyperscalers are projected to spend $650 billion on data center capex in 2026 alone, excluding broader industry investments.
Nvidia’s dominance in GPUs and supporting infrastructure makes it a key beneficiary of long-term data center expansion, reinforcing its growth trajectory.