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

Nvidia's 10-for-1 stock split is planned for Friday, June 7, 2024. The stock will begin trading at the adjusted price on Monday, June 10, 2024.

Beth Kindig highlights several industries where Nvidia can expand its market through semiconductor products. These industries include:

1. Software: Nvidia's software offerings, particularly its CUDA software platform, are a significant growth opportunity. This platform is what developers learn on, and it's integrated into its hardware products. Kindig likens this to iOS, which locked people into the iPhone because developers were developing applications for it. The same thing is happening with Nvidia, where the CUDA platform is what AI engineers are learning to program GPUs, thus locking them in.

2. Automotive: The automotive industry presents another opportunity for Nvidia. While Kindig doesn't elaborate on this in the provided context, it's worth noting that Nvidia has been making strides in the automotive sector, particularly in autonomous driving technology.

3. Robotics: Nvidia's semiconductor products are also finding opportunities in the robotics industry. Kindig mentions that Nvidia, coming from gaming roots, has an engine and a software platform that will allow robotics that is so far ahead that other companies are going to have a hard time competing.

4. Data Center: Nvidia's next-generation Blackwell GPU chip is expected to drive another leg of massive growth for the chip maker4. Kindig estimates that the Blackwell GPU will surpass its predecessor, the H100, and generate data center revenue of $200 billion by the end of Nvidia's fiscal year 2026.

In summary, Kindig sees a broad range of opportunities for Nvidia to expand its market through its semiconductor products, spanning software, automotive, robotics, and the data center industry.