Why Nvidia stock could surge more than 500% by the end of the decade, says a former consulting executive

• Phil Panaro predicted that Nvidia could reach another 545% by the end of the decade.

• The former BCG executive said the company will grow thanks to the AI ​​revolution and the transition to Web3.

• He said the stock could also experience a “big explosion” in 2025 after Blackwell’s release.

Nvidia is headed for explosive growth by the end of the decade, according to one former consulting executive.

Phil Panaro – a former senior advisor at Boston Consulting Group who also served as CEO of the BCG subsidiary – says the AI ​​chipmaker’s stock will hit $800 by 2030. That represents another 545% gain for the stock, which was trading at around $122 at the midpoint – Friday.

The company led by Jensen Huang will benefit from the artificial intelligence 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 defined by blockchain technology.

These changes could result in big spending for Nvidia customers, he said, pointing to estimates by Goldman Sachs, Citigroup and Morgan Stanley that Web3 could add trillions in added value to the market.

“Nvidia is powering all the accelerated computing power to make this happen, so it will be a major contributor to this,” Panaro said in an interview on Schwab Network on Thursday. He later estimated that the company’s revenue could increase tenfold, 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.

“I don’t want to sound too confident – it’s pretty much inevitable, provided they can keep producing these chips,” he later added of the company’s growth potential. “Currently, AI penetration in the economy is literally less than 1%. So there will still be all the corporations, cities, municipalities, governments and militaries spending money to ensure the effective use of AI. So there’s a lot of money left to spend.”

Some strategists were skeptical of the rally of Nvidia, whose shares have risen a monstrous 2,733% over the past five years. Analysts attribute some of that growth to “hyperscalers,” a small group of Big Tech companies buying Nvidia chips in large quantities.

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

“That’s actually the best reason why it will actually increase. Because if you look at all the other customers that they’re not reaching, 490 other Fortune 500 companies haven’t actually fully implemented AI because they don’t, I don’t understand it. All these cities and governments are going to rebuild their entire infrastructure from Web2 to Web3, and then we have an AI arms race with countries and their militaries, which Nvidia has not penetrated for most of the time. part,” Panaro said.

He continued: “Supplies could actually go to the moon, provided they get delivered.”

Panaro’s predictions are based on the extreme views of forecasters, but Wall Street is generally bullish on the chipmaker’s stock, which is up 152% year to date. According to Nasdaq data, analysts have set an average price target for the stock at $152, which would represent an increase of about 25% from current levels.

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