Your Last Chance to Buy Nvidia Stock for Cheap in 2026 May Be Near | The Motley Fool

Nvidia (NVDA -0.98%) stock has been a disappointment for some investors in 2026. The stock price is up 15%, which is beating the broader market’s 12% rise, but it isn’t outperforming the way it has in the previous three years. In 2026, Nvidia has reported strong results so far that suggest the growth thesis continues, yet the market has grown skeptical.

This makes now a great time to consider buying. Just know that the window could be closing fast. On Wednesday, Aug. 26, Nvidia reports fiscal 2027 second-quarter results (for the quarter ending July 30). Because Nvidia is valued at an attractive level heading into earnings, this could be the last chance investors have to buy the stock cheaply, as there is a good shot the stock experiences a strong, significant rally following the report.

Given its continued stellar growth rate and reasonable valuation, I can think of few stocks that are better buys. All of that could change depending on the quality of Nvidia’s earnings and the market’s reaction afterward.

Nvidia stock is cheap compared to its peers

Nvidia makes computing equipment, with most of its products centered around its GPU ecosystem. Nvidia GPUs are the industry standard in AI computing right now, and nearly every product that launches is compared to theirs. So, checking Nvidia’s valuation versus its competitors is a smart move.

In the AI computing world, there are two primary types of computing units being deployed: Broad-purpose…