Nvidia CEO Jensen Huang is betting on robots, autonomous vehicles and industrial machines, forecasting that the company’s physical AI revenue will grow from roughly $10 billion annually to $100 billion within the next decade. Nvidia has described physical AI as a potential $40 trillion market, while Huang has separately estimated industrial robotics and physical AI at roughly $50 trillion; PwC’s Strategy& has projected a much smaller market of around $490 billion by 2030. Physical AI currently contributes less than 3% of Nvidia’s revenue, compared with more than $115 billion and over 89% of revenue from data centers. Nvidia is extending its full-stack strategy from AI factories and training hardware into simulation, robot foundation models and on-device chips through Jetson, Cosmos, Isaac GR00T and Omniverse. Amazon Web Services plans to deploy 2 million Blackwell Ultra, Rubin and Rubin Ultra GPUs in 2027 and 2028, while Amazon Robotics has adopted Nvidia’s platform. Nvidia’s 12-month forward price-to-earnings ratio is 18.7 times, below the S&P 500’s 19.9 times, and its projected average annual earnings-per-share growth for 2026 through 2028 is 52.7%, versus 20.1% for the index. The company has showcased more than 100 robotic systems at GTC events, while export restrictions on advanced chips to China could constrain access to a major robotics market.