By Keithen Drury
Publication Date: 2026-04-18 07:15:00
Bargains in the artificial intelligence (AI) investing space are few and far between. However, there are plenty out there.
The biggest bargain of all may not seem logical, but I think it’s staring investors right in the face: Nvidia (NVDA +1.67%). Nvidia is the world’s largest company by market cap, but I still think there is a solid argument to be made about it being an absolute bargain.
The market isn’t properly pricing in Nvidia’s growth, and that gives individual investors a shot at making a generational investment.
Image source: Getty Images.
The market is only pricing in one year of growth
The AI build-out trend has been going on since 2023. While that may seem like a while ago, we’re not even halfway done yet. Most companies point toward 2030 as the year when the AI buildout may wrap up. We are still resource-constrained in the AI computing realm so that the actual date may be further out.
Nvidia and others also project accelerating spending from now until then as well. They believe that global data center capital expenditures will rise to $3 trillion to $4 trillion annually by 2030 — that figure was $600 billion in 2025.
Despite projections for multiple years of accelerating growth, the market is only pricing in 2026 as a good year.
NVDA PE Ratio (Forward) data by YCharts
Nvidia’s stock trades for 22.8 times forward earnings, which means that after the next 12 months, if Nvidia hits analyst projections, the stock will then trade at 22.8 times trailing…
