Where Will Nvidia Stock Be in 2030?

Nvidia's stock has declined 18% from its May high amid concerns about peak AI spending, despite strong Q1 FY2027 results showing 85% revenue growth. While major tech companies plan $725 billion in AI infrastructure spending for 2026, risks include slowing capital expenditure cycles, competition from in-house chips by customers, and potential margin compression. The stock trades at 30x earnings (down from 40+), and could reach $200s-$300s by 2030 if the AI buildout sustains, but faces significant downside if spending peaks.