Jensen Huang "AI to reach $4 trillion by 2030" presents ultra-bullish forecast

▲ Nvidia (NVDA)/AI generated image

Jensen Huang, CEO of Nvidia (NVDA), has once again put forth a super-growth forecast, predicting the artificial intelligence (AI) infrastructure market to reach up to $4 trillion by 2030.

According to Nasdaq on September 15 (local time), Huang maintains strong optimism about the long-term growth opportunities in the AI market. Huang's key forecast is that AI infrastructure spending could reach $3 trillion to $4 trillion by 2030. This forecast was first presented last year and has remained at the same level this year.

Huang cited the emergence of new computing architectures and the slowdown of Moore's Law as the backdrop for the expansion of the AI industry. He explained that as the industry shifts from traditional information retrieval to generative computing, more computational resources are needed. The demand for higher accuracy and performance of AI models was also presented as a factor that will promote the expansion of computing infrastructure.

Huang also projected that the semiconductor industry itself would continue to grow. He believes that the importance of accelerated computing is increasing as new computing layers and applications emerge, while existing methods of improving semiconductor performance are nearing their limits. He said, "People expect AI models to get smarter and smarter because they don't want wrong answers."

The article published on Nasdaq presented Huang's forecast as a key variable for Nvidia investors to watch. However, The Motley Fool, which authored the article, stated that Nvidia was not included in its current top 10 recommended stocks selected by its stock advisory service. It explained that if $1,000 had been invested in Nvidia on April 15, 2005, when it was previously recommended, it would have grown to $1,341,294 based on the service's calculations.

Huang's forecast is based on the judgment that the expansion of AI investment will not be limited to short-term data center expansion but will reshape semiconductors, networks, and overall computing infrastructure. Nvidia's market forecast of $3 trillion to $4 trillion by 2030 is presented as a key benchmark for gauging the extent to which future AI infrastructure investment will expand.

[Article Key Summary]

-Jensen Huang maintained his forecast that AI infrastructure spending will reach $3 trillion to $4 trillion by 2030.

-Huang believes that the spread of generative computing and the slowdown of Moore's Law will drive massive AI infrastructure investment.

-Nasdaq treated Huang's forecast as a key long-term growth variable for Nvidia investors to watch.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*