Jensen Huang Reaffirmed His Forecast That AI Infrastructure Spending Will Hit $3 Trillion to $4 Trillion by 2030, a Projection He’s Now Repeated for Several Years Running. Is Nvidia Still a Buy at These Levels?
Nvidia (NASDAQ: NVDA) CEO Jensen Huang has never been shy about making bold predictions for artificial intelligence. And he’s sticking with one of his biggest: that global AI infrastructure spending could reach $3 trillion to $4 trillion by 2030. That’s an extraordinary amount of money, even for an industry where the biggest players are already spending hundreds of billions of dollars a year on building data centers and expanding computing capacity.
But there’s an important distinction for investors. Huang isn’t predicting that Nvidia will generate trillions of dollars in revenue. He’s describing the potential size of the infrastructure build-out that could support the next generation of AI applications.
So, with expectations already running high and Nvidia stock recently hitting a new all-time high, is the stock still worth buying?
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