By Tobias Burns
Publication Date: 2026-04-27 18:07:00
Nvidia shares popped to an all-time high on Monday – its first since last October – but the chip giant’s performance has been lagging that of its peers this year. Still, some think the stock is poised to catch up in a big way with one analyst noting Nvidia could soon pivot to a change in focus to shareholder return through buybacks and dividends. The Philadelphia Semiconductor index is up more than 36% in April and is trading nearly 50% over its 200-day moving average. That’s a “distance not seen since the peak of the dotcom bubble,” Goldman Sachs traders observed over the weekend. Nvidia has rallied over the same period, but over 20% – well shy of the index overall. That’s noteworthy because the company is the largest single component of the index at 10.82%. Year to date, the gap between the semiconductor giant and its peers is even larger, with Nvidia up 15% versus the Philadelphia Semiconductor index’s roughly 46% advance. “We looked at the performance of all the semiconductor and semiconductor capital equipment stocks, and guess which stock is the 49th best performer over the last 3 months – even if it has done great off the bottom this month – NVDA!” analysts with Trivariate Research wrote in a weekend note to investors. NVDA SOXX 3M line Nvidia versus SOX over the past three months. Focusing on greater returns to investors Analysts see a number of reasons that Nvidia’s performance could rise relative to its competitors in coming quarters. Nvidia’s…
