NVIDIA has recently surged nearly 7%, positioning itself as a leader in the AI chip market and potentially nearing a $4 trillion market cap. CEO Jensen Huang predicts AI data center spending could exceed $1 trillion by 2028, suggesting NVIDIA might command a market cap close to $5 trillion by then. Additionally, with ongoing advancements in AI and emerging opportunities in robotics and the metaverse, many investors may be underestimating NVIDIA's future growth prospects as the AI landscape evolves.
AI data center spending could blow past the $1 trillion mark by 2028. By then, I think NVIDIA could be commanding a market cap closer to $5 trillion.
Jensen Huang believes the AI inference boom may still be in its early days, with robotics posing the next big opportunity for NVIDIA's hardware.
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