Nvidia’s (NVDA) success over the last few years has been nothing short of extraordinary. This year it became the first company to reach a $4 trillion market cap, and is leading the ongoing AI revolution that has stock investors hooked. Looking ahead, many expect Nvidia’s success to continue over the remainder of the decade. While $5T is the next step, many are looking further ahead to 2030, with a $10 trillion market cap forecast in focus.

With Nvidia’s current market dominance, a $10T market capitalization is definitely on the cards if that dominance continues to 2030. There is a strong bull case that the AI supercycle will continue, and Nvidia (NVDA) remains the dominant leader in this space. Additionally, Nvidia commands a major share of hyperscalers’ AI spending. Amazon, Alphabet, Microsoft, and Meta are projected to spend about $600 billion on AI infrastructure in 2025. Further, these budgets are set to rise in 2026 and beyond, and Nvidia is expected to capture about $200 billion of that total.

This week, Nvidia was granted permission to export its H200 chips to China, a move that could boost its sales in the new year. The latest price prediction estimates that Nvidia stock could go beyond $300 in 2026 following this move. This is the most bullish forecast for NVDA, and taking an entry position now would be beneficial. It would be an uptick and return on investment (ROI) of approximately 65%. Therefore, an investment of $1,000 could turn into $1,650 if the forecast turns out to be accurate.

Nvidia 2030 Forecast: Is a $10T Market Cap Achievable?

Looking toward 2030, Nvidia’s market cap outlook relies heavily on AI infrastructure spending and increased competition. In a base case scenario, Nvidia could generate $300–$350 billion in annual revenue with gross margins in the low‑70s, translating to $8–$10 in EPS and a valuation multiple of 28–32x, implying a share price of $225–$320. A bull case assumes an extended AI super‑cycle and higher software contribution, driving revenue to $400–$500 billion, EPS of $12–$15, and a price range of $360–$540. This could end up being enough to drive up Nvidia’s market share, sending it to between $8T and $10T.

Also Read: NVIDIA Vs SoundHound: Best AI Stock To Buy Before 2026

On the other hand, there remains a chance that the AI bubble could burst before then, which could shatter Nvidia’s $10T market cap hopes. A bear case reflects share loss to custom ASICs and AMD, margin compression, and geopolitical headwinds, yielding $220–$260 billion in revenue, EPS of $6–$7, and a price range of $120–$170. Some aggressive forecasts have floated targets near $800–$900 by 2030, but these require sustained scarcity, premium multiples, and near‑perfect execution. With 2030 just over 4 years away, a lot could happen, making the market cap forecast very difficult to predict.