By Keithen Drury
Publication Date: 2026-02-03 01:00:00
Nvidia actually has a solid case to double in 2026.
Over the past few years, there have been few better stocks to own than Nvidia (NVDA 2.84%). In 2023, its stock rose 239%. It then followed up its excellent 2023 with a strong 2024, rising 171%. 2025 was a comparatively tame year, with the stock rising 39%. However, investors are wondering if Nvidia could double this year.
It’s not going to be easy to do, but if Nvidia can attain the same valuation as some of its peers, then I think it’s entirely possible that Nvidia could double. However, investors need to watch out for rising competitors.
Image source: Getty Images.
Nvidia’s hardware is best in class
Nvidia’s graphics processing units (GPUs) are the top computing option in the artificial intelligence (AI) realm. Its full technology stack is second to none and gives users a turnkey product to do all the AI training and processing they want. Although Nvidia’s products are at the top of the industry, it’s constantly innovating and launching new products
Its next architecture generation, known as Rubin, cuts the number of GPUs needed to train an AI model by a fourth compared to the previous Blackwell generation. It can also be deployed for inference scenarios and at a 10x lower cost per token than Blackwell.
Today’s Change
(-2.84%) $-5.42
Current Price
$185.71
Key Data Points
Market Cap
$4.6T
Day’s Range
$184.89 – $190.29
52wk Range
$86.62 – $212.19
Volume
5.4M
Avg Vol
182M
Gross Margin
70.05%
Dividend Yield
0.02%
Those are huge…
