Nvidia is the world’s largest company, so it may seem odd to think it can get bigger. But that’s what all the projections point to. Nvidia posted monster 106% revenue growth in the second quarter, and Wall Street analysts expect 91% growth in Q3 and 83% in Q4. Next year, Nvidia expects 70% revenue growth, clearly indicating that the AI build-out is going as strong as ever. <\/p>\n There are no signs of weakness in Nvidia’s business; however, the stock has been fairly weak this year. As a result of strong business growth and weak stock gains, the stock is pretty attractively priced right now. <\/p>\n NVDA PE Ratio (Forward 1y)<\/a> data by YCharts<\/a> <\/p>\n With Nvidia at 27 times earnings and 13.4 times next year’s earnings, it’s clear that next year’s growth hasn’t been priced into the stock. In fact, if Nvidia hits analyst estimates and maintains its 27 price-to-earnings ratio, the stock could double over the next year. The market doesn’t quite realize this yet, but it could in November. <\/p>\n Micron <\/p>\n Micron is in a similar boat as Nvidia. It makes memory chips, which are in huge demand and short supply thanks to insatiable AI workloads. Micron’s results are even more extreme than Nvidia’s. Micron’s fiscal year ends in August, so it’s already in its 2027 fiscal year. Wall Street analysts expect Micron to grow at a 107% rate this year, although it’s not an easy company to predict growth for. <\/p>\n Memory chip pricing is largely driven by market demand, and with conditions expected to worsen in 2027 and 2028, prices could continue to rise. That would mean a faster growth rate than Wall Street projects, which could further exaggerate how cheap Micron’s stock is. <\/p>\n The stock trades for just 5.3 times this year’s earnings, which means a massive gain could be in store if the market comes back around to Micron’s stock<\/a>. <\/p>\n Alphabet <\/p>\n Last on my list is Alphabet. Alphabet is a staple in the AI world, but the market didn’t take kindly to its latest earnings report. Investors sold off the stock by over 10% the day after earnings due to negative cash flow. This is a sign that Alphabet is spending more than it brings in, but it’s doing it for a reason. <\/p>\n Alphabet’s cloud computing division, Google Cloud, grew at a 103% pace during Q3, a simply incredible rate. This division is one of the biggest beneficiaries of the AI build-out, as it runs workloads for several major clients. Alphabet is spending big to continue boosting its cloud revenue, and with that revenue growing as fast as it is, this spending makes a ton of sense. I’m not as worried as the market is, as the company’s long-term financial picture supports this major spending. <\/p>\n As a result, I think Alphabet is a smart stock to buy<\/a> on the dip in November. <\/p>\n Should you buy stock in Nvidia right now? <\/p>\n Before you buy stock in Nvidia, consider this: <\/p>\n The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks<\/a> for investors to buy now\u2026 and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. <\/p>\n Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $334,793!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,257,420!* <\/p>\n Now, it’s worth noting Stock Advisor’s total average return is 874% \u2014 a market-crushing outperformance compared to 209% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of November 2, 2026. <\/p>\n Keithen Drury<\/a> has positions in Alphabet, Micron Technology, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. Nvidia <\/p>\n
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