Wall Street Analysts Project Nvidia's Annual Net Income Could Reach $851 Billion by 2029, Potentially Surpassing Saudi Aramco's Record and Rivaling a Country's GDP
Based on Wall Street's 64% compounded EPS growth forecast, Nvidia's projected annual net income of $851 billion by 2029 would shatter Saudi Aramco's all-time corporate profit record of $161.1 billion (2022). This figure could also place the chipmaker's revenue near $1.35 trillion, ranking it as the world's 18th largest economy, just below Saudi Arabia's GDP and ahead of Switzerland. The projection is underpinned by a $2 trillion cloud backlog and $1.3 trillion in projected 2027 hyperscaler capital expenditure.
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