Think It's Too Late to Buy Nvidia (NVDA)? Here's the 1 Reason Why There's Still Time.

Core Insights - Analysts predict significant increases in data center spending, indicating Nvidia remains a compelling investment opportunity [1][3][6] Group 1: Data Center Spending - Worldwide data center spending is projected to grow from $430 billion in 2024 to $1.1 trillion annually by 2029, driven by the increasing computing power needs of AI technology [3][6] - McKinsey's earlier projection suggests that total investment in data centers could reach $7 trillion by 2030, indicating that current estimates may be conservative [6] Group 2: Nvidia's Revenue and Market Position - Nvidia reported total revenue of $46.7 billion for the second quarter of its 2026 fiscal year, with 88% ($41.1 billion) derived from data centers, reflecting a 56% year-over-year increase in data center-related revenue [4] - Nvidia holds a dominant position in the GPU market with a 94% market share, making it the leading supplier for tech companies investing in advanced graphics processing units for AI model training [5]