Against the backdrop of rapid development of artificial intelligence, Nvidia's stock has experienced an epic surge. Moreover, the upward trend of the stock may still be in its early stages.

Global top tech investor James Anderson recently stated in an interview that his prediction is that Nvidia's market value may approach $50 trillion in the next decade, surpassing the total market value of all current S&P 500 companies.

Anderson believes that the annual growth rate of demand for AI chips is about 60%. In the next 10 years, this growth could lead to Nvidia's earnings per share reaching $1,350 and push its market value up to $49 trillion. He believes that the likelihood of this happening is 10-15%.

At present, the total market value of all companies in the S&P 500 index is approximately $47 trillion.

Anderson believes that Nvidia's growth potential far exceeds any company he has seen before. He pointed out that in the most optimistic scenario, Nvidia's potential size is much higher than any situation he has seen before, and could lead to a market value of double-digit trillions of dollars.

He stated that this is not a prediction, but a possibility, provided that artificial intelligence brings benefits to customers and Nvidia's leading position is maintained.

Anderson is known for his nearly 40 year career at Baillie Gifford, a renowned investment management company in Scotland. There, he manages the company's flagship product - Scottish Mortgage Investment Trust, which first purchased Nvidia stock in 2016 and helped the investment firm become a star in the technology investment field.

Last year, Anderson partnered with the Italian billionaire Agnelli family to establish the investment management company Lingotto Investment Management, managing a $650 billion fund. The fund's largest investment is also NVIDIA.

NVIDIA has become the biggest winner in the boom of artificial intelligence with its near monopoly position in manufacturing chips for training and running powerful generative AI models. Jensen Huang, CEO of Nvidia, claims that the company is at the center of the new industrial revolution.

Since the beginning of this year, Nvidia's stock price has soared by nearly 170%, with a market value exceeding $3 trillion, which is 20 times its market value of $1.5 billion in 2018. In June of this year, Nvidia surpassed Microsoft and Apple to become the world's most valuable company by market capitalization.

Anderson added that Nvidia's stock price may experience significant fluctuations, and he would not be surprised if there were a 35-40% or even greater drop, and hopes to purchase more stocks in this situation.