Key Points Nvidia is trading at its cheapest valuation in a decade based on forward price-to-earnings (P/E) multiples. Nvidia stock looks poised for a breakout given the amount of catalysts the company has in its pipeline. Significant gains could be on the horizon for Nvidia investors who exercise patience as the AI infrastructure era plays out. 10 stocks we like better than Nvidia › One of the more curious semiconductor stocks so far in 2026 is Nvidia (NASDAQ: NVDA) . As of this writing (Sept. 25), shares are up about 20% on the year. On the surface, this looks respectable considering Nvidia is handily outperforming both the S&P 500 and the Nasdaq Composite .
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