Nvidia's CEO expects AI infrastructure spending to reach up to $4 trillion by 2030.
Nvidia is involved in many different aspects of the data center construction process.
Nvidia (NASDAQ: NVDA) has a strong case for being the most discussed stock in recent years. It has also been one of the best-performing, up more than 960% in the past three years.
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Image source: Nvidia.
It's true that Nvidia is beginning to face additional pressure as companies like Alphabet and Amazon begin to release competitive chips. However, the pie is getting large enough that many companies can eat. Nvidia's CEO Jensen Huang said he expects spending on AI infrastructure to be between $3 trillion and $4 trillion by 2030.
Even if Huang is correct, all those trillions won't be flowing into Nvidia's bank account. However, as the top AI infrastructure company in the world, the company stands to gain a lot from this spending. Between GPUs, AI accelerators, networking equipment, and specialized software, Nvidia has its hand in almost every part of the data center construction process.
It might be hard to maintain the high revenue growth that investors have grown accustomed to over the past couple of years, but consistent demand leaves the company with plenty of long-term potential.
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Stefon Walters has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and Nvidia. The Motley Fool has a disclosure policy.