Nvidia Near $195, Worst Performer in Chip Group in 2026

Nvidia (NVDA) is trading near $195 and has quietly become the worst performer in its own chip group in 2026. According to BeInCrypto, the stock is mostly flat this year even as the semiconductor ETF is up nearly 59% and rivals AMD and Micron have gained well over 100%; Nvidia is down about 18% from its June high, including a 10.7% drop in June. Sentiment has cooled after Reuters reported in late June that OpenAI may delay its IPO to 2027 to protect a $1 trillion valuation. Potential catalysts include Washington issuing licenses for Nvidia to sell H20 chips in China again and late-July earnings from Microsoft, Meta, Amazon, and Alphabet; Nvidia reports in late August.