Nvidia Stock: What $1,000 Could Be Worth by 2030

Nvidia's stock has been on fire in recent years, with a gain of roughly 900% over the last five years. The company's graphics processing units (GPUs) and other artificial intelligence (AI) hardware have driven this growth, with demand showing no signs of slowing down.

The data center segment, which now represents over 92% of Nvidia's total sales, continues to release cutting-edge platforms like Nvidia Vera Rubin. This platform is designed for agentic AI, focusing on multistep problem-solving and long-context workflows.

Nvidia's bottom line is also on fire, with high gross margins leading to high operating leverage. CEO Jensen Huang is optimistic about the company's future, claiming it could double the number of chips sold next year.

Looking ahead to 2030, analysts at Goldman Sachs expect global AI-related capital expenditures to top $1 trillion this year. If Nvidia tracks with the S&P 500's average annual return of around 10%, each share would be worth $1,464 by 2030.