NVIDIA (NVDA): The Best Debt-Free S&P 500 Stock to Buy Now

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Best Debt-Free S&P 500 Stocks to Buy Now.

On May 27, 2026, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang said the company plans to invest about $150B per year in Taiwan, Reuters’ Wen-Yee Lee reported. Huang described Taiwan as the “epicentre” of the AI revolution and a long-term global hub for technology manufacturing. Speaking at a launch celebration in Taipei for Nvidia’s planned Taiwan headquarters, Huang said Nvidia’s annual spending in Taiwan has risen from about $10B-$15B four or five years ago to $100B, with plans to reach $150B each year.

On the same day, Tigress Financial raised the firm’s price target on NVIDIA Corporation (NASDAQ:NVDA) to $425 from $360 and maintained a Strong Buy rating on the shares. Tigress said Nvidia remains “the core infrastructure engine of the AI factory era” and a “must-own core holding for the AI investment cycle.” The firm noted that its 12-month target price implies a potential total return, including dividends, of 98% from current levels.

NVIDIA (NVDA): The Best Debt-Free S&P 500 Stock to Buy Now

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

On May 20, 2026, NVIDIA Corporation (NASDAQ:NVDA) reported Q1 adjusted EPS of $1.87, ahead of the consensus estimate of $1.77. Revenue totaled $81.6B, above the consensus estimate of $79.12B. Founder and CEO Jensen Huang said the buildout of AI factories is “accelerating at extraordinary speed,” while agentic AI is scaling across companies and industries. Huang added that Nvidia is positioned “at the center of this transformation” through its platform spanning hyperscale data centers to the edge.

NVIDIA Corporation (NASDAQ:NVDA) operates as a data center-scale AI infrastructure company through its Compute & Networking and Graphics segments.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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