By David Moadel
Publication Date: 2026-04-24 13:25:00
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NVIDIA (NVDA) stock is up only 7% year-to-date while peer semiconductor stocks surge, with Marvell (MRVL) up 95%, Micron (MU) up 69%, and Advanced Micro Devices (AMD) up 43%, as investors rotate into memory, custom silicon, and networking plays to diversify their AI exposure beyond a single name.
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NVIDIA’s $4.9 trillion market cap creates mathematical headwinds for significant gains, China export controls stranded $4.5 billion in H20 inventory, and the AI investment thesis is broadening across the semiconductor supply chain rather than concentrating in NVIDIA alone.
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The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.
Shares of NVIDIA (NASDAQ:NVDA) closed Thursday at $199.64, leaving the AI chip leader up just 7% year to date. NVIDIA shares trade only slightly above $200 on Friday morning. That’s a striking lag given the rest of the semiconductor complex is ripping higher on the same AI thesis NVIDIA pioneered.
The headline question matters. A $300 NVIDIA share price would require the stock to add roughly 50% from here and push it well above Wall Street’s $268.61 consensus target. NVIDIA’s 52-week high is $212.17, so $300 isn’t on any near-term map.
Every other name in the group is doing the heavy lifting this year. Peer semiconductor names are posting double or triple-digit year-to-date (YTD) gains while NVDA stock idles.
The analyst who called NVIDIA in 2010 just named his top 10 stocks. Get them here FREE.
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