Nvidia CEO Jensen Huang Just Reaffirmed His Jaw-Dropping Projection for 2030

Nvidia CEO Jensen Huang reaffirmed his forecast that data center capital expenditures will hit $3-4 trillion annually by 2030, a projection that frames the bull case for NVDA over the next five years.

The near-term anchor: the big five AI hyperscalers are expected to spend nearly $800 billion on capex in 2026. Getting from that level to Huang's 2030 range requires roughly a four- to fivefold increase in annual spending, which is the core assumption underpinning the thesis.

The math in the source runs as follows. If NVDA holds its roughly 40% market share of that spending, revenue could exceed $1 trillion by 2030. The source argues that outcome could potentially double the stock price within five years.

Interpretation: this is a scenario, not guidance. The valuation case rests on two variables, hyperscaler spending growth and NVDA's ability to defend a 40% share. A drop in either breaks the $1 trillion revenue path. Because the projection comes from Huang himself, traders should weigh it as management's outlook rather than an independent forecast.