With 2024 at its very end and 2025 on the doorstep, investors and analysts are increasingly looking at what the future might bring for the stock market, as well as other assets and technologies.
Given the situation, it is hardly surprising that the fate of Nvidia (NASDAQ: NVDA) is at the center of many discussions, given it is one of the best-performing stocks of the year – and, verily, of the last 2 years.
So far, Phil Panaro of the Boston Consulting Group may be responsible for the most courageous long-term NVDA stock price target as he, in an appearance on the Schwab Network, opined the semiconductor giant will grow to a truly gargantuan size by the start of the next decade.
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Specifically, Panaro opined that Nvidia is likely to hit an $8 trillion market capitalization by 2030. Assuming the number of shares remains stable in the coming five-odd years, this would mean that NVDA stock will be changing hands at $326.09.
Could Nvidia really hit $8 trillion by 2030?
While the goal may appear ambitious, it is worth pointing out that this is a relatively modest upside of 141.3% – relatively modest once the fact that NVDA shares are up 180.55% year-to-date (YTD) and 824.98% in the last two years.
According to Phil Panaro, Nvidia has seen a major revenue expansion this year and recorded an $8 billion increase in 2024 compared to 2023.
If the market trends – and the chipmaker’s industry dominance – persist, the semiconductor giant is likely to keep accelerating its growth and hit $600 billion in annual revenue by the end of the current decade.
Though many analysts are far more conservative in their assessment of Nvidia – even if still overwhelmingly bullish – Panaro is hardly the only one who considers massive growth as plausible.
Why $8 trillion market cap for Nvidia is possible but not plausible in 2030
For example, the Danish Saxo Bank recently included a forecast of Nvidia hitting a $7 trillion valuation in 2025 among its outrageous predictions.
Still, it is equally worth pointing out that the list is described as containing “outrageous” predictions for a reason and that stocks tend to slow down in their growth after they experience stellar and protracted rallies.
Furthermore, for Nvidia to meet the 2030 price target, it would be almost necessary for the artificial intelligence (AI) boom to persist, for the chipmaker to retain its dominant position in the industry and to successfully navigate the expected trade wars, and to weather any other possible storms that may emerge in the coming years.
