Nvidia Seen as Top Buy on $3 Trillion AI Capex by 2030

8 articles · Updated · The Motley Fool · May 15

$3 trillion to $4 trillion in annual global data-center capex by 2030 underpins the bullish case for Nvidia, whose chips remain central to AI build-outs.
That forecast implies a sharp jump from about $600 billion in 2025, with the big four hyperscalers already planning roughly $650 billion of data-center investment this year.
Alphabet added support for the spending thesis by signaling a substantial increase in 2027 capital expenditures versus 2026, a sign other hyperscalers could follow.
Nvidia's valuation still looks manageable against that demand outlook: the stock trades at about 45 times earnings, 26 times forward earnings, and 19 times next year's expected earnings.

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