An investment specialist has noted that semiconductor giant Nvidia’s (NASDAQ: NVDA) continued innovation in various areas could help the company achieve a $10 trillion market cap.
According to investment strategist Sahy Boloor, this ambitious target remains possible due to Nvidia’s evolution into more than just a “Gen AI accelerator,” he said in an X post on January 15.
While Nvidia remains a key player in the artificial intelligence (AI) sector, Boloor highlighted two critical innovations that position the company as a leader in emerging technologies: Omniverse and CUDA Q.
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Nvidia’s Omniverse platform enables real-time collaboration on 3D projects, supporting digital twins, autonomous vehicle simulations, industrial digitalization, and AI applications.
Additionally, the strategist emphasized the significance of Nvidia’s advancements in quantum computing through the CUDA Q feature. CUDA Q allows quantum algorithm simulations on GPUs before deployment to physical QPUs, further reinforcing Nvidia’s role in the quantum computing revolution.
Based on this potential, Boloor believes Nvidia can dominate multiple high-growth sectors, setting the stage for a $10 trillion market cap.
Nvidia’s quantum computing advancement
Indeed, although Nvidia CEO Jensen Huang has cautioned that, despite the excitement surrounding quantum computing, the technology is likely two decades away, the semiconductor giant has announced its first-ever Quantum Day, scheduled for March 20 at the GTC 2025 event.
The event will spotlight advancements in quantum computing poised to impact fields like drug discovery, materials science, and financial forecasting. Nvidia is slated to participate in sessions covering current and future quantum technologies.
It’s worth noting that several analysts have come forward with similarly ambitious targets for Nvidia. For instance, a Finbold report indicated that Danish Saxo Bank estimated Nvidia could become the first $7 trillion company, potentially achieving this milestone in 2025.
Saxo’s Chief Macro Strategist, John J. Hardy, attributes this to Nvidia’s position in the AI market and bullish sentiment surrounding its next-generation Blackwell chips.
Beth Kindig, a tech analyst at the I/O Fund, echoed the $10 trillion valuation possibility, suggesting it could be realized by 2030. On a more ambitious note, James Anderson, an early Amazon investor, envisions Nvidia reaching a staggering $50 trillion market cap within the next decade.
NVDA stock price analysis
Meanwhile, Nvidia’s stock has recently experienced volatility despite reaching new highs and struggled to maintain a price above the $150 mark.
As of press time, NVDA shares traded at $133, reflecting a drop of nearly 7% over the past five days. Ahead of the market opening on January 15, Nvidia’s stock rose 1.5% to $133.85.
In summary, Nvidia’s path to a $10 trillion valuation depends on sustaining leadership in AI, driving innovation in emerging technologies, and outpacing growing competition.
Featured image via Shutterstock
