Home Money Nvidia is expected to reach a valuation of £40 billion in ten years

Nvidia is expected to reach a valuation of £40 billion in ten years

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Boom: Nvidia hit an all-time high last month as it capitalized on the AI ​​craze that experts predict will continue

A leading tech investor has said chipmaker Nvidia could reach a valuation of almost £40bn within a decade.

That would make it worth more than the combined market value of the S&P 500, an index of the largest publicly traded companies in the United States.

Nvidia shares have soared 162 percent since the start of the year, giving it a valuation of more than £2 trillion.

Stocks hit an all-time high last month, riding the AI ​​craze that experts predict will continue.

Investor James Anderson told the Financial Times: “The potential scale of Nvidia at the most optimistic outcome is far greater than I have seen before and could lead to a double-digit trillion market capitalisation.”

Boom: Nvidia hit an all-time high last month as it capitalized on the AI ​​craze that experts predict will continue

An Nvidia share could be worth around £15,750 in ten years, giving it a market capitalisation of £39bn, he said.

Anderson is best known for running Baillie Gifford’s Scottish Mortgage Investment Trust for more than two decades, which first bought Nvidia in 2016.

Nvidia became the world’s first chipmaker with a market valuation of $1 trillion (£787 billion) last May.

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