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NVIDIA shares stayed below the $200 mark despite a modest rebound, as investors continued to assess the company's next phase of growth. The stock has lagged the broader semiconductor sector in 2026 even though demand for artificial intelligence infrastructure remains strong.
At the same time, the company is preparing to launch its Vera Rubin platform while expanding its robotics business in China.
NVIDIA shares rose about 1.5% to $197.96 in early Tuesday trading. Even with the gain, the stock has increased only about 5% this year. During the same period, the PHLX Semiconductor Index has advanced about 94%, making NVIDIA one of the weaker performers among major chip companies.
The slower share performance comes after several years of strong gains. Investors have shifted part of their capital into other areas of the AI supply chain, including memory chipmakers, custom chip developers, and companies building central processing units. Intel and Advanced Micro Devices have recorded much stronger share price gains in 2026, while the iShares Semiconductor ETF has also outperformed NVIDIA.
Analysts also point to concerns over export restrictions affecting China and questions about future growth rates. Investors continue to monitor whether NVIDIA can maintain the pace of expansion that made it the leading supplier of AI accelerators over recent years.
Market attention is now turning to NVIDIA's upcoming Vera Rubin platform. Investors want to see whether the next-generation hardware can deliver enough performance improvements to strengthen the company's position in AI infrastructure.
Competition has expanded beyond traditional graphics processors. Large technology companies are now spreading AI infrastructure spending across several suppliers instead of relying on a single vendor. This has increased attention on NVIDIA's upcoming product cycle.
Meanwhile, NVIDIA continues to expand beyond AI chips. The company has opened more than a dozen robotics-related positions across Beijing, Shanghai, and Shenzhen. The new roles cover embodied intelligence, simulation, implementation, and robotics solutions.
NVIDIA said the robotics team aims to build ‘a leading robotics platform and ecosystem to help developers and companies create autonomous machines.’ The company added that it wants to speed up the move of robotics technology from research into commercial use. Employees will work on Project GR00T, the Cosmos physical simulation world model, and NVIDIA's GPU computing platform.
NVIDIA remains one of the world's largest listed companies with a market value of about $4.696 trillion. At that valuation, a 1% move in the stock changes its market value by roughly $47 billion, making it one of the biggest drivers of the Nasdaq.
Investors are also tracking broader AI spending. The Bank for International Settlements said the five largest hyperscale technology companies are expected to invest more than $1 trillion in AI capital expenditure during 2025 and 2026. The organization also pointed to funding pressure and supply constraints involving power, advanced chips, and grid infrastructure.
BIS General Manager Pablo Hernandez de Cos stated that "Policy actions must reinforce each other." At the same time, Reuters reported that Baidu's Kunlunxin chip business is targeting a $50 billion Hong Kong IPO, while IDC data showed domestic suppliers now account for 41% of China's AI accelerator server market.
Despite these developments, NVIDIA continues to project strong business growth. The company previously forecast fiscal second-quarter revenue of $91 billion, above analyst expectations and announced an $80 billion share buyback. CEO Jensen Huang said "We should be growing faster than hyperscale capex," while analysts continue to monitor whether AI investment can remain durable through the coming years.
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