AI sets date when Nvidia stock will hit $10 trillion market cap

Core Insights - Nvidia has achieved a historic milestone as the first company to reach a $5 trillion market cap, with projections suggesting it could double this value by 2029 to 2032 if it maintains strong growth in AI infrastructure [1][3][4] Market Performance - Nvidia's stock closed at approximately $201, reflecting a nearly 50% increase year-to-date, although it slightly retraced from its $5 trillion peak, currently valued at about $4.89 trillion [1] Valuation Projections - ChatGPT estimates that Nvidia would need to compound its valuation by roughly 15% to 20% annually over the next five to seven years to reach a $10 trillion market cap [5] - The probability scenarios for Nvidia reaching $10 trillion include a bullish case (40% probability, estimated by 2029-2030), a base case (45% probability, estimated by 2031-2033), and a bearish case (15% probability, after 2035 or never) [4] Growth Drivers - Nvidia's market cap growth is closely linked to the increasing demand for high-performance computing chips, particularly its Blackwell and upcoming Rubin GPU architectures, which are essential for large-scale AI data centers [6] - The company is expected to see earnings per share growth of 20% to 30% annually through the end of the decade, supported by investor confidence in its technological leadership [6] Structural Forces - The global race to build AI data centers, along with Nvidia's expansion into automotive, robotics, and telecom sectors, provides multiple revenue streams beyond its core gaming and data-center operations [9] Future Outlook - If current conditions persist, Nvidia's market cap could exceed $10 trillion as early as late 2029 or 2030 [7]