Nvidia could reach $50tn market cap in a decade, says top tech investor

Unlock the Editor’s Digest for free and get access to Roula Khalaf’s favorite stories in this weekly newsletter. Tech investor James Anderson believes that chipmaker Nvidia could be worth nearly $50tn in a decade, surpassing the current market value of the entire S&P 500. Nvidia has seen a surge in demand for its chips used in powerful generative AI models, leading to a 162% increase in shares since the start of the year. Anderson, known for his successful investments in companies like Tesla and Amazon, sees Nvidia as a potential game-changer in the tech industry. With the company’s exponential progress and leadership, Anderson believes that Nvidia could be a major player in the future of AI technology. Despite some skepticism from other fund managers, Anderson remains optimistic about Nvidia’s potential to revolutionize industries like autonomous driving and drug discovery.

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