Nvidia’s AI Dominance Challenged Despite Product Pipeline and Analyst Backing
Nvidia's stock has declined 2.6% year-to-date in 2026, underperforming its AI sector peers despite maintaining a 38% gain over the past year. The chipmaker continues aggressive product launches, including the Vera Rubin platform unveiled at CES, yet struggles to maintain its previous market momentum.
Analysts remain bullish on Nvidia's long-term prospects. Freedom Capital Markets' Paul Meeks projects a $250 price target within two years, citing potential expansion into non-tech sectors like automotive and healthcare. Wolfe Research's Chris Caso maintains Nvidia as his top AI pick, emphasizing the Vera Rubin platform's technological edge over previous generations.
The current slump appears driven by three factors: delayed Blackwell chip rollout, concerns about sustained AI investment cycles, and growing competition in the accelerator market. All eyes now turn to Nvidia's February 26 earnings report for signs of renewed growth catalysts.