Prediction: This Unstoppable Stock Will Soar to $10 Trillion By 2030
An industry-leading position and strong secular tailwinds should help drive this artificial intelligence (AI) pioneer higher.
Artificial intelligence (AI) has taken center stage over the past couple of years, and there's good reason to think this is just the beginning. Developers are still coming up with new applications for the technology, which is being harnessed to create original content, streamline business processes, and increase productivity. It's still early days for the adoption of AI and the evidence suggests spending has only just begun to ramp up.
In fact, the biggest names in technology -- Microsoft, Meta Platforms, Alphabet, and Amazon -- have announced plans to collectively lay out more than $315 billion for the capital expenditures necessary to support AI in 2025, and these outlays show no signs of slowing.
The undisputable beneficiary of much of this spending is Nvidia (NASDAQ: NVDA). The company developed the graphics processing units (GPUs) that have become the gold standard for processing AI and could parlay the unrelenting demand into charter membership of the $10 trillion club.
