Nvidia (NVDA) Added to Wolfe Alpha List as Favorite AI Idea for 2026

NVIDIA Corporation (NASDAQ:NVDA) is one of the Hot AI Stocks to Keep on Your Radar. On January 13, Wolfe reiterated the stock as “Outperform,” noting that the idea is its favorite for 2026. Analyst Chris Caso noted that the AI chip maker is being added to the Wolfe Alpha List, replacing Micron. This is despite the stock being “up ‘only’ 36% over the past year,” which Wolfe said trails other AI-linked names.

“NVDA is up ‘only’ 36% over the past year, underperforming other AI related names. We think the reason for underperformance is threefold — the late launch of Blackwell, concerns about the sustainability of AI spending in general, as well as concerns about share losses to custom AI solutions.”

However, with Nvidia’s product roadmap advancing, these worries are now fading.

“Blackwell is now ramping fully, and Rubin is on time for 2H26 ramp,” Wolfe wrote, adding that Rubin offers “5x inference improvement vs. Blackwell.”

The stock’s recent outlook points to “at least $40bn upside to CY26 consensus revenue,” with resumed H200 shipments to China potentially leading to further upside.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

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Disclosure: None.