Prediction: Nvidia Will Reach a $10 Trillion Market Cap by 2028

By Keithen Drury – Mar 23, 2026 at 1:45AM ESTKey PointsDemand for Nvidia's powerful processors continues to grow.A $10 trillion market cap is in reach if AI demand persists for a couple more years. Nvidia (NVDA 3.17%) is currently the world's largest company, with a market cap of $4.4 trillion. However, I think that over the next three years, it could grow to $10 trillion. If that view proves accurate, Nvidia would be a no-brainer stock to buy at today's prices. Image source: Getty Images. The math for a megacap to more than double Nvidia grew to its current massive size thanks to insatiable demand for its artificial intelligence (AI) processors. Companies cannot get enough of its computing units, which allows it to charge premium prices and book massive profits. And demand doesn't seem to be slowing down. Nvidia projects that annual global data center capital expenditures will rise to $3 trillion to $4 trillion by the end of 2030. With the big four AI hyperscalers -- Meta Platforms, Microsoft, Amazon, and Alphabet -- spending around $650 billion on capex this year, there's still a massive runway for growth. For 2025, Nvidia estimated that total data center spending would be around $600 billion, and estimating that this spending will double in 2026 seems to make sense based on what the hyperscalers' projections are telling us. ExpandNASDAQ: NVDANvidiaToday's Change(-3.17%) $-5.66Current Price$172.90Key Data PointsMarket Cap$4.2TDay's Range$171.73 - $178.1152wk Range$86.62 - $212.19Volume6.5MAvg Vol174MGross Margin71.07%Dividend Yield0.02% Nvidia's growth lines up with this projection for the most part, as analysts' consensus estimate is for its revenue to rise around 70% this year. While it's likely that its growth will moderate with each passing year, we're nowhere near the totals that the company believes we will hit. But how long will it take Nvidia to hit a $10 trillion market cap if this growth rate continues? First, we need to set a reasonable valuation. Because the company is a top-notch executor, I think valuing it at 30 times earnings is fair. So it would need to produce an annual net income of $300 billion. Nvidia's profit margin has consistently hovered about the 50% mark, indicating it would need to generate about $600 billion in revenue to reach a $10 trillion market cap. When could that happen? It might be fairly soon. If Nvidia's revenue grows at a 70% pace in its fiscal 2027 (which will end in late January 2027) as Wall Street estimates, its top line will hit $368 billion. If it grows at a 30% pace for the next two years, that will increase to over $620 billion, more than surpassing the $600 billion threshold. With that in mind, Nvidia has the growth catalysts to easily reach a $10 trillion market cap at a reasonable valuation in the near future. That would also indicate the stock would more than double in three years, making it a no-brainer buy today.Read NextMar 22, 2026 •By Lyle DalyMy Top 2 AI Stocks to Buy for 2026 (and Hold for Years)Mar 22, 2026 •By Adria CiminoNvidia Trades at 21 Times Forward Earnings. Is the World's Biggest Artificial Intelligence (AI) Stock Actually a Value Play?Mar 22, 2026 •By Keithen DruryHistory Says Right Now Is the Turning Point for Nvidia's StockMar 22, 2026 •By Reuben Gregg BrewerOil Is Above $100 a Barrel for the First Time Since 2022. Here's Why Artificial Intelligence (AI) Investors Should Care.Mar 22, 2026 •By Bram BerkowitzNvidia's CEO Jensen Huang Just Guided for $1 Trillion of GPU Orders Through 2027. Why Aren't Investors Buying the Stock?Mar 22, 2026 •By Adria CiminoThe Era of AI Agents Has Arrived. 2 Stocks on Track to Win.About the AuthorKeithen Drury is a contributing Motley Fool technology analyst covering AI, semiconductors, cybersecurity, and SaaS stocks. In addition to The Motley Fool, Keithen is a mechanical engineer and has held roles at Honeywell and smaller industrial companies like Brand Hydraulics and Lincoln Industries. He holds a bachelor’s degree in mechanical engineering from Dordt University.TMFTripleOptionStocks MentionedNvidiaNASDAQ: NVDA$172.90(-3.17%)-$5.66*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.