With a market cap of about $4.5 trillion, Nvidia ( NVDA 3.27% ) is the largest company on the planet. However, it might also just be the most undervalued artificial intelligence (AI) stock right now, too.

But don't a lot of pundits say Nvidia is overvalued? That's true; however, most claims that Nvidia is overvalued stem from its trailing price-to-earnings (P/E) of around 45.5 times, which on the surface is high. Yet, based on 2026 analyst estimates, its forward P/E is below 25 times, and its price/earnings-to-growth (PEG) ratio is below 0.7 times (with below 1 times considered undervalued).

But that's not all. The company also carries around $52 billion in net cash and securities on its balance sheet, and it's on pace to generate around $85 billion in free cash flow

See Full Page