Nvidia’s projected capital expenditure in 2026 could fuel new product cycles in AI training GPUs. Stock valuation may sustain a high PEG ratio as innovation pipelines deliver faster models. It is getting difficult to find attractive places to invest. As I write this, the S&P 500 , Nasdaq Composite , and Dow Jones Industrial Average all trade within a few percentage points of their all-time highs, and to put it mildly, the valuations of some of the most popular stocks in the market look a little frothy. Market research firm Gartner is projecting another year of solid increase in AI accelerator sales in 2026. Portfolio managers cite Nvidia’s projected AI software royalties as a 2026 growth lever, fueling a robust bullish stance within semiconductor-heavy ETF structures.
