By Adam Spatacco
Publication Date: 2025-12-20 21:15:00
As 2026 approaches, Nvidia stock is sliding.
When it comes to leading semiconductor stocks, investors don’t need to look much further than companies like Taiwan Semiconductor Manufacturing, Broadcom, Advanced Micro Devices, Micron Technology, and of course, Nvidia (NVDA +3.80%).
While Nvidia has been the headline act for much of the artificial intelligence (AI) revolution, shares have lagged its chip peers throughout 2025.
As 2026 draws closer, growth investors may be wondering if Nvidia remains a good buy, or if now is the time to rotate capital away from the world’s most valuable company and seek new opportunities.
What should Nvidia investors be on the lookout for in 2026?
For the last three years, Wall Street’s primary focus surrounding Nvidia is the performance of its data center business. This segment accounts for the bulk of Nvidia’s revenue and profits, as it captures demand for the company’s graphics processing units (GPU).
Throughout the AI revolution, investors have paid close attention to Nvidia CEO Jensen Huang‘s commentary around the company’s Hopper and Blackwell GPU architectures. While Blackwell remains an important catalyst for Nvidia, investors should start to pay closer attention to guidance around the upcoming Rubin chips. So far, investors have already gotten a small preview of demand for Rubin.
For instance, Huang recently noted that Nvidia has a total order backlog of around $500 billion for Blackwell, Rubin, and accompanying…