NVIDIA Stock Plummets 18% from June High, Named Worst Chip Performer in 2026
NVDA sits 24% above its 52-week low of $157.342.
Summary
NVIDIA's stock is significantly underperforming its chip group peers and the broader semiconductor ETF in 2026, with the stock mostly flat year-to-date while rivals have gained over 100% and the ETF is up 59%. The stock has dropped 18% from its June high, including a 10.7% decline in June. This contrasts sharply with the overwhelmingly positive news from April and May, which included strong Q1 FY27 results, robust Q2 guidance, an $80 billion share buyback authorization, and a 2400% dividend increase. The article attributes the cooled sentiment partly to reports of OpenAI potentially delaying its IPO. This relative weakness suggests a notable shift in market sentiment or investor rotation despite strong company fundamentals. Traders will be watching late-July earnings from major tech companies, with NVIDIA's own earnings in late August.
At the time of this announcement, NVDA was trading at $194.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.7T. The 52-week trading range was $157.34 to $236.54. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Binance News.