AMD Jun 2024 100.000 put

How Nvidia could reach a $10 trillion market cap by 2030

Nvidia (NVDA) continues to prove itself a formidable force in the chip space, seeing upwards of 130% year-to-date gains in its stock price. As of Tuesday, June 3, Nvidia holds a market cap of $2.79 trillion, but this analyst believes it can excel to as high as $10 trillion by 2030. Nvidia is set to enact a 10-for-1 stock split for current shareholders on Friday, June 7, and the stock will begin trading at this adjusted price on Monday, June 10. I/O Fund Lead Tech Analyst Beth Kindig comments on the market share Nvidia and Advanced Micro Devices (AMD) have to snatch up in the tightening AI chip race, underlining the semiconductor catalysts that could push the former to a landmark $10 trillion forecast. "So when you combine, now you have software to think of, you have automotive to think of, you have robotics to think of, and that's already pushing us easily past $10 trillion by 2030," Kindig says on the industries Nvidia is finding more opportunities in through its semiconductor products. Learn more about a company's motivations behind a stock split and what exactly it entails for shareholders. Watch Beth Kindig's full interview with The Morning Brief, while also being able to catch Yahoo Finance's exclusive interview with Nvidia CEO Jensen Huang. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.