Is NVIDIA (NVDA) One of the Best Semiconductor Stocks to Buy Heading into 2026?

NVIDIA Corporation (NASDAQ:NVDA) is one of the best Semiconductor Stocks to Buy Heading into 2026. On November 20, Raymond James analyst Simon Leopold initiated coverage of the company’s stock with the price objective of $272. Notably, the firm highlighted NVIDIA Corporation (NASDAQ:NVDA)’s leadership position in accelerated and AI computing, which tends to benefit directly from the multi-year build-out of AI factories as well as data-center-scale platforms.

Furthermore, the firm noted NVIDIA Corporation (NASDAQ:NVDA)’s installed base of hundreds of millions of GPUs, over 6 million developers, and deep integration in enterprise and sovereign AI initiatives worldwide. Overall, the company remains uniquely positioned at the center of the AI industrial revolution.

The firm expects peak Blackwell chip sales to reach 6.9 million units in calendar year 2026, as compared to over 3 million units Nvidia would have shipped through October, and 7 million on order for the balance of Q4 2026 and FY 2027. While Raymond James acknowledged the risks due to the power constraints and AI cycle fluctuations, the firm views NVIDIA Corporation (NASDAQ:NVDA)’s shares as reasonably valued.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.