The Magnificent 7 stocks struggled last year. Nvidia Corp. (NASDAQ: NVDA | NVDA Price Prediction) and Alphabet Inc. (NASDAQ: GOOGL) outperformed the S&P 500, but the rest of the group did not. In 2026, one stock among them will outperform the others by far.
One thing about Nvidia, which will beat the market and Magnificent 7 by a mile in 2026, is that it is something of a weapons merchant. Weapons providers win wars no matter who the victors or losers are. Nvidia, with 90% of the artificial intelligence (AI) chip market, will surge because of how quickly and violently the fight over AI supremacy will become. The balance of the Magnificent 7 will beat on each other in an attempt to lead the field. The beating will extend to dozens of other public companies, like Oracle, and such privately held ones as OpenAI, xAI, and Anthropic. They all need chips.
Nvidia has made some relatively small investments in other AI companies, but these are mostly to build and fund its customer base. It will invest as much as $100 billion in OpenAI (which seems like a lot, but isn’t today), but most of this will be to fund chip purchases. Nvidia also has a $20 billion deal with xAI and an investment agreement with Anthropic. All the AI startups need cash for R&D and to build the massive data centers on which their businesses rest. Each data center needs chips as its engine.
Data center investment for 2026 will explode. Total data center investments between now and 2030 are expected to be about $3 trillion. Nvidia will have products in them all.
Nvidia’s other absolutely clear advantage is that it has no competition. Depending on who is counting, AMD might have less than 10% market share. There is little evidence that share is growing.
The AI chip door to China has swung open and closed several times recently. Nvidia CEO Jensen Huang has said China is a $50 billion market. If the door is open, Nvidia may have a second huge market outside the United States.
Nvidia’s revenue growth has been about 60% year over year. Its 2026 calendar year revenue could be $300 billion. If the AI segment continues to be a massive horse race among dozens of companies, many of which have almost limitless access to capital, Nvidia’s growth rate could stay at current levels.
The reasons Nvidia is the most valuable company in the world will only grow this year. The rest of the Magnificent 7 can battle it out with one another.
Nvidia Stock Price Prediction and Forecast 2025–2030