TLDR
- Nvidia and OpenAI plan to invest billions in UK data centers to power AI growth alongside other US companies
- The investments are part of a broader push worth tens of billions from multiple US firms visiting with President Trump
- Data center spending by AI companies is projected to grow from $600 billion to $3-4 trillion globally
- Nvidia currently holds 35% market share of data center spending with $4.3 trillion market cap
- Analysts predict Nvidia could become the world’s first $10 trillion company by 2030
Nvidia and OpenAI are preparing to announce major data center investments in the UK. The move comes as the chip giant positions itself to capture massive growth in artificial intelligence infrastructure spending.
Bloomberg reports that Nvidia CEO Jensen Huang and OpenAI’s Sam Altman will commit billions to UK data centers. The announcement will happen during a US executive delegation visit coinciding with President Trump’s trip to the country.
The companies are working with London-based Nscale Global Holdings on the UK investments. This partnership represents part of a larger wave of American investment in European AI infrastructure.
Other US companies across multiple industries plan to announce UK investments worth tens of billions. European business leaders and politicians have been pushing for increased AI investment to drive regional growth.
UK Prime Minister Keir Starmer announced plans in January to “turbocharge AI” through data center and chip investments. His strategy includes creating AI growth zones to speed up infrastructure approvals and provide necessary electricity.
OpenAI continues expanding its European commercial operations while making major infrastructure investments globally. Earlier this year, the company partnered with Japan’s SoftBank on a $500 billion US data center project called Stargate.
Data Center Boom Drives Nvidia Growth
The AI boom has created unprecedented demand for Nvidia’s graphics processing units. These chips power nearly every major AI model currently in use.
Data center capital expenditures hit record levels in 2025. AI companies warn that 2026 spending will exceed current levels, indicating sustained growth beyond next year.
Most data centers take years to complete construction. Money spent in 2025 on land purchases and facility design translates to GPU purchases in 2026 or 2027.
Nvidia management estimates the four largest AI companies will spend around $600 billion on data centers. However, they project global spending could reach $3-4 trillion when all customers are included.
The company expects to capture roughly 35% of this data center spending. This positioning gives Nvidia access to massive revenue growth over the next several years.
Path to $10 Trillion Valuation
Current projections suggest Nvidia could reach a $10 trillion market cap by 2030. The company currently holds a $4.3 trillion valuation as the world’s largest business.
Using conservative estimates of $3 trillion global data center spending and 30% market share, Nvidia could generate $900 billion in revenue by 2030. A 50% profit margin would produce $450 billion in net income.
Over the past twelve months, Nvidia generated $165 billion in revenue and $87 billion in profits. The projected 2030 figures represent substantial growth from current levels.
A price-to-earnings ratio of 30 times earnings would value Nvidia at $13.5 trillion by 2030. This calculation only includes data center business and excludes other revenue streams.
The projections assume Nvidia loses some market share and use the lower end of spending estimates. Even these conservative numbers point to a valuation well above $10 trillion.
Wall Street maintains a Strong Buy rating on Nvidia stock. The consensus includes 36 Buy ratings, two Holds, and one Sell recommendation with an average price target of $210.95.
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