Can Nvidia Hit $600 by 2030? Our Model Says It's Credible

Nvidia's recent quarter was its largest in semiconductor history, with Data Center revenue hitting $89.02 billion, up 117% year over year.

Despite this impressive growth, Nvidia's stock still trades like the market is only half-convinced, and shares are up a respectable but hardly euphoric 24.08% year to date.

The question on everyone's mind is whether Nvidia can reach $600 per share by 2030, which would require a gain of 160.5%.

According to our model, three specific things need to go right: Vera Rubin has to become 'the fastest product ramp in NVIDIA’s history', hyperscaler capex must sustain through the decade, and non-hyperscaler ACIE revenue must keep compounding at triple digits.