Nvidia stock has underperformed peers in the semiconductor industry in 2025, despite strong historic performance. With key catalysts on the horizon, investors are questioning if now is the time to buy. The company’s data center business, new GPU architectures, and partnerships are all factors to consider for future growth.

Nvidia has a backlog of $500 billion for products like Blackwell, Rubin, and networking items, with $300 billion expected to be recognized in 2026. Hyperscalers like Microsoft, Alphabet, Amazon, and Meta Platforms are projected to spend $500 billion on AI capital expenditures next year, with AI infrastructure anticipated to be a $7 trillion opportunity in the next five years.

As Nvidia navigates the evolving tech landscape, opportunities in adjacent markets like CPUs and computing operating systems are emerging. Despite valuation fluctuations, fears of competition, and market uncertainties, long-term investors may find Nvidia an attractive buy, given its expanding total addressable market and strategic partnerships.

In the midst of Nvidia’s evolving landscape, investors are questioning if the company is still a strong investment option for 2026. With a history of strong performance and new growth opportunities on the horizon, Nvidia remains a key player in the semiconductor industry, despite recent stock underperformance.

Read more at Yahoo Finance: Is Nvidia Stock a Buy in 2026?