Nvidia’s shares are predicted to rise by 258% from current levels and reach a market valuation of $10 trillion by 2030, according to I/O Fund tech analyst Beth Kindig. This forecast comes after the company has already doubled its capital this year and tripled in 2023 thanks to the rapid adoption of their AI H100 chips. According to Kindig, this growth will be driven by the next-generation Blackwell GPU, which will lead to significant revenue increases for the company.

Nvidia’s shares are currently valued at approximately $2.8 trillion, making it the third-largest company in the world. The new Blackwell GPU is expected to outperform its predecessor, the H100, and generate data center revenues of $200 billion by the end of Nvidia’s fiscal year 2026.

Kindig also noted that the AI data center market, expected to grow to $400 billion by 2027 and $1 trillion by 2030, will be largely captured by Nvidia, not its biggest competitors, AMD or Intel. “Nvidia will take the lion’s share of this market,” she said.

She further emphasized that the CUDA software platform is a key element that “locks in” developers, similar to how iOS does for the iPhone. “The CUDA platform is what AI engineers are learning to program GPUs on, which helps to retain them, and that creates an impenetrable moat right now,” Kindig explained.