Jensen Huang Maintained His Prediction That AI Infrastructure Spending Will Hit $3 Trillion to $4 Trillion by 2030 -- the Same Forecast He Made a Year Ago to the Day. Is Nvidia Still a Buy at These Levels?
Nvidia CEO Jensen Huang reiterated his forecast that global AI infrastructure spending will reach $3-4 trillion by 2030. Despite Nvidia's massive growth (106% YoY revenue increase, 70% guidance for next year), much of this expected growth is already priced into the stock. Trading at a P/E of 27, the article argues Nvidia remains a buy given its market dominance, expanding addressable market, and diversification beyond GPUs into complete computing systems and strategic investments.