Story perspectives

Nvidia Targets $10 Trillion Market Cap by 2030

8/1/2026

Summary

Story summary

Nvidia aims for a $10 trillion market cap by 2030, needing 18% returns and $333 billion profit at 30-times P/E.
Nvidia reported Q1 revenue of $81.6 billion, up 85%, and data-center sales of $75.2 billion, up 92%.
Nvidia signed a $1.5 billion advanced-packaging deal with Amkor Technology to expand U.S. capacity.
CFO Colette Kress forecast AI-infrastructure spending of $3-$4 trillion by 2030.
Analysts project revenue of $393 billion in 2027, $537 billion in 2028 and $688 billion in 2029.

History

Historical Context

In March 2000, Cisco Systems briefly became the world’s most valuable company, with a market capitalization exceeding $500 billion, overtaking Microsoft as the Nasdaq peaked at 5,048.62 on March 10. The bubble’s burst cut Cisco’s value by about 80 percent by 2002 and triggered a wider tech correction that still informs today’s AI-chip valuation debates.

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Story summary

Nvidia aims for a $10 trillion market cap by 2030, needing 18% returns and $333 billion profit at 30-times P/E.
Nvidia reported Q1 revenue of $81.6 billion, up 85%, and data-center sales of $75.2 billion, up 92%.
Nvidia signed a $1.5 billion advanced-packaging deal with Amkor Technology to expand U.S. capacity.
CFO Colette Kress forecast AI-infrastructure spending of $3-$4 trillion by 2030.
Analysts project revenue of $393 billion in 2027, $537 billion in 2028 and $688 billion in 2029.

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