A top tech investor expects chipmaker Nvidia to reach a valuation of almost £40tn within a decade.
That would make it worth more than the combined market value of the S&P 500, an index of the largest American listed companies.
Nvidia shares have risen 162 percent since the start of this year, making the company worth more than £2 trillion.
Shares hit a record high last month as the company benefited from the AI craze that experts say will continue.
Investor James Anderson told the Financial Times: “The potential size of Nvidia at its most optimistic outcome is far greater than I’ve ever seen before and could lead to a market capitalisation in the double digits into the trillions.”
Boom: Nvidia hit a record high last month as it capitalized on the AI craze that experts predict will continue
According to him, an Nvidia share could be worth around £15,750 in ten years, which equates to a market cap of £39 trillion.
Anderson is best known for over two decades leading Baillie Gifford’s Scottish Mortgage Investment Trust, which first acquired Nvidia in 2016.
Nvidia became the first chipmaker to reach $1 trillion (£787 billion) in market value last May.
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