A little over a year ago, Nvidia (NASDAQ: NVDA) CEO Jensen Huang made a bold projection: He informed investors that Nvidia expects global data center capital expenditures to reach up to $4 trillion annually by 2030. What's even more impressive is the floor he gave for this projection was $3 trillion. He recently reaffirmed this forecast. Those are huge figures, but what might they mean for Nvidia stock? Nvidia CEO Jensen Huang. Image source: Nvidia.
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