Why Nvidia stock could rise more than 500% by the end of the decade, says ex-consulting executive

• Nvidia could grow another 545% by the end of the decade, Phil Panaro predicted.

• The former BCG executive said the firm will grow because of the AI ​​revolution and the transition to Web3.

• The stock could also have a “huge explosion” in 2025 after Blackwell’s launch, he said.

Nvidia is headed for a meteoric rise through the end of the decade, according to a former consulting executive.

Phil Panaro — a former senior adviser at the Boston Consulting Group who was also CEO of a BCG subsidiary — says the AI ​​chipmaker’s stock will reach $800 by 2030. That implies another 545% upside for the stock, which were trading around $122 per share at the midpoint. – Friday.

The firm led by Jensen Huang will benefit from the AI ​​revolution as well as the migration from Web2 to Web3, Panaro predicted, referring to the idea that the next era of the Internet will be named by blockchain technology.

Those developments could lead to big spending from Nvidia customers, he said, pointing to estimates from Goldman Sachs, Citigroup and Morgan Stanley that Web3 could fuel trillions in added value to the market.

“Nvidia is powering all the accelerators to make this happen, so they’re going to have a major part of it,” Panaro said in an interview with Schwab Network on Thursday. He later estimated that the company’s revenue could grow by a factor of 10, from $60 billion in the last fiscal year to $600 billion by 2030.

Investors may not have to wait long to see some of these gains. Panaro predicts a “huge explosion” in the stock after Nvidia releases Blackwell, its next-generation AI chip, although it did not specify its near-term price target.

“Not to sound overconfident — it’s actually inevitable, provided they can keep making these chips,” he later added of the company’s growth potential. “The penetration of AI in the economy right now is literally less than 1%. So you’ve got all the corporations, cities, municipalities, governments, the military, who are going to spend money to make sure they’re using AI effectively. . So tons of money still to spend.”

Some strategists have been skeptical of Nvidia’s rally, with the stock up 2,733% over the past five years. Analysts attributed some of that growth to “hyperscalers,” a small group of Big Tech firms that buy Nvidia’s chips in large quantities.

But despite fears that those customers may eventually pull out, the small group of buyers is actually a good sign that Nvidia’s business will expand, Panaro said.

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“This is actually the best case that it will actually grow. Because if you look at all the other customers that I’m not reaching, there are 490 other Fortune 500 companies that haven’t really adopted AI to the fullest because they don’t understand all these cities and governments that are going to redo all their infrastructure from Web2 to Web3, and then you have the AI ​​arms race, with countries and their militaries, which Nvidia hasn’t penetrated the most. part,” Panaro said.

He continued: “Stock can go to the moon, essentially, as long as it delivers.”

Panaro’s prediction is based on the extremes of forecasters, but Wall Street is generally bullish on the chipmaker’s shares, which have climbed 152% since the start of the year. Analysts issued an average price target of $152 a share for the stock, according to Nasdaq data, implying an upside of about 25 percent from current levels.

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