Meet the Supercharged Growth Stock Headed to $10 Trillion by 2030, According to 1 Wall Street Analyst

There's no denying that artificial intelligence (AI) has generated a lot of buzz since early last year. Recent technological advances have taken these algorithms to the next level, enabling them to generate original content of all stripes, improve productivity, and streamline processes.

Companies on the leading edge of this trend have profited from these advances in technology. In fact, six of the world's seven most valuable companies, when measured by market cap, have embraced the paradigm shift of generative AI and staked their claims to profits from these next-generation systems. Topping the charts are Apple and Microsoft, the only two companies that currently boast a market cap of more than $3 trillion.

However, one company that appears ordained to make a name for itself as a founding member of the $10 trillion club is Nvidia (NASDAQ: NVDA). The pioneer in graphics processing units (GPUs) is nipping at the heels of the current leaders with a market cap of $2.8 trillion but seems destined to break new ground.

Let's look at the numerous growth drivers that could send Nvidia stock to new heights.

Shall we play a game?

Nvidia revolutionized gaming a quarter of a century ago when the company pioneered the GPU, which produced lifelike images in video games. The secret to its success is parallel processing, or the ability of these advanced chips to process a multitude of mathematical calculations simultaneously. It wasn't long before Nvidia realized the vast potential of this discovery and pivoted to tailor this technology to a host of other applications.

The company has since adapted GPUs to power cloud computing, data centers, machine learning, autonomous driving, generative AI, and more.

The tale of the tape

Over the past 10 years, Nvidia's revenue has grown by 2,350% (as of this writing), while its net income has surged 9,490%. While it hasn't all been in a straight line, the company's consistently strong performance has driven impressive growth in its stock price, which has soared 23,110%.

In its fiscal 2025 second quarter (ended July 28), Nvidia delivered record revenue of $30 billion, up 122% year over year and 15% sequentially. This drove diluted earnings per share (EPS) of $0.67 up 168%. The star of the show was the data center segment, which includes processors used for cloud computing, data centers, and -- of course -- AI. Revenue for the segment surged 154% to $26.3 billion, driven by insatiable demand for AI.

There's likely much more demand ahead. Analysts at Goldman Sachs Research estimate the economic impact of AI at $7 trillion by 2030. Furthermore, the improving macroeconomic backdrop could help accelerate adoption, which would be a boon to Nvidia.