Analyst Projects Nvidia's Market Cap Could Reach $50 Trillion by 2035
James Anderson, former partner at Baillie Gifford, suggests Nvidia's market capitalization could approach $50 trillion by 2035, contingent on sustained AI growth and the company's continued dominance in AI chip technology.
James Anderson, a former partner at investment management firm Baillie Gifford, has projected that Nvidia's market capitalization could approach $50 trillion by 2035. This projection is based on the assumption that artificial intelligence (AI) continues to provide significant value to customers and that Nvidia maintains its leadership in AI chip technology. Anderson estimates the probability of this scenario occurring to be between 10% and 15%.
Nvidia has been a pioneer in graphics processing units (GPUs), which have become essential for AI applications. The company's dominance in the data center GPU market, commanding a 92% share, positions it favorably to capitalize on the growing AI sector. The AI market is projected to be worth as much as $15.7 trillion by 2030, according to data compiled by PricewaterhouseCoopers (PwC).
However, Anderson acknowledges that several factors could impede Nvidia's growth to this extent, including potential declines in AI demand, emergence of superior technologies from competitors, or broader economic downturns. He emphasizes that this projection is a possibility rather than a prediction, contingent upon the continued advancement and adoption of AI technologies and Nvidia's ability to sustain its competitive edge.
As of October 11, 2025, Nvidia's stock price stood at $183.16, reflecting a decrease of $9.43 from the previous close. The stock's intraday high was $195.57, with a low of $179.00, and an intraday volume of 268,774,359 shares.
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