Where Will Nvidia Stock Be in 4 Years? The Answer May Shock You.

Right now, Nvidia (NASDAQ: NVDA) is one of the most popular artificial intelligence (AI) stocks on the market, although it has taken a bit of a beating during the marketwide sell-off. However, investors don’t need to consider where Nvidia is right now. Instead, they should focus on years down the road. The market is a forward-looking entity, so investors should be, too.

Nvidia CEO Jensen Huang recently predicted where the company will be in four years. While most predict that Nvidia’s business will grow, few realize the potential growth in store.

Nvidia makes graphics processing units (GPUs), which are suited for many tasks requiring intense computing power. Originally, they were used for processing gaming graphics, but eventually found use in other industries, like cryptocurrency mining, engineering simulations, and drug discovery. However, their biggest use case to date has been AI model training.

GPUs can process multiple calculations in parallel, making them suitable for tasks requiring a lot of computing power. They can also be combined in clusters to further amplify this effect, which is why you’ll hear stories of AI hyperscalers building data centers with more than 100,000 GPUs.

Nvidia holds a dominant market share in the data center GPU space, so it will receive the lion’s share of the revenue from the massive AI computing power buildout. Over the past 12 months, Nvidia’s data center revenue totaled $115 billion. That’s an incredible amount of revenue, but according to Huang, that’s just the beginning.

By 2028, he expects data center revenue to eclipse a whopping $1 trillion. For reference, Walmart produces the most revenue of any company in the world, $674 billion over the past 12 months. So, if Nvidia reached this target, it would be the world’s largest company by revenue by a long shot.

Furthermore, with Nvidia’s superior operating profile, it will produce the most profits by far. Apple produces the most profits of any American company, generating $126 billion over the past 12 months. If Nvidia’s profit margin stays at its current level (56%) and generates $1 trillion in revenue, it would generate $560 billion in profits.

That’s an astonishingly larger company than anything we know now, but is it realistic?

In fourth-quarter fiscal year 2025 (ending January 26), Nvidia’s data center revenue rose 93% year over year. If Nvidia’s data center revenue reaches $1 trillion by the end of 2028 (the end of Nvidia’s FY 2029), it will need to put up a compound annual growth rate (CAGR) of 72%.