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Nvidia’s recent financial results indicate that the company is still on a solid growth trajectory.
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There’s plenty of market space for NVIDIA to ramp up its revenue, even as rivals such as Broadcom and AMD secure major cloud contracts.
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Interestingly, Nvidia’s stock still seems fairly valued at this point.
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Welcome to the fifth installment of my seven-part series where I evaluate the top stock picks. A look at the “Magnificent Seven” stocks to consider buying in 2026.
In the rankings, tesla landed at last, then apple followed as the sixth pick. Amazon came in fifth, alphabet took fourth, and Nvidia (NASDAQ:NVDA) nabbed the third spot.
microsoft and meta platform will square off for the top ranking in the upcoming articles.
I feel like Tesla and Apple don’t really present good buying opportunities right now; however, I’m optimistic about Amazon, Alphabet, Nvidia, Meta, and Microsoft.
So, why do I think Nvidia is still a top growth stock for 2026, even after its valuation has increased significantly—over tenfold—these past three years?
Deciding whether to invest in a rapidly appreciating stock like Nvidia can be quite challenging. This company transitioned from leading the industry in graphics processing units (GPUs) for gaming and other sectors to increasingly focusing on data centers for most of its earnings.
Nvidia has really positioned itself well amidst the rising tide of AI investments. But you know what’s really striking? It’s what Nvidia has achieved since the AI boom kicked off back in early 2023.
Nvidia is continually innovating in terms of data center efficiency with its Blackwell GPUs and related technologies. During its most recent quarter, the company reported a staggering 264% year-over-year increase in network revenue, establishing it as the largest networking entity globally. Remarkably, Nvidia’s networking segment brought in more revenue in the third quarter of the fiscal 2026 than its gaming, AI PC, professional visualization, and automotive divisions combined.
On their earnings call on November 19, Nvidia mentioned that demand for GPUs remains higher than supply, suggesting robust growth potential ahead.
Late last October, Nvidia revealed a $500 billion order for AI chips related to Blackwell and the upcoming Rubin GPU. This includes orders and revenue projected through the end of fiscal 2026.
During the November 19 call, Nvidia hinted that more orders could come in, potentially increasing that $500 billion figure.
