Nvidia (NVDA) stock is up just 15% in 2026 while the rest of the chip sector races ahead, and one flow signal helps explain why the market's former leader is being left behind.
The split from the sector is the surface story. Beneath it, options bets, perpetual traders, and institutional flows are pulling in different directions, and only one of them resolves the puzzle.
Nvidia and the Semiconductor Index have moved in opposite directions on about half of all trading sessions over the past 50 days, near the highest rate since the 2022 bull market began. That frequency has more than quadrupled since the start of April.
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The performance gap is just as wide. The Nvidia stock price is up roughly 15% on the year, while Broadcom (AVGO) has gained about 20% and AMD has climbed far higher.
The split from the sector is the surface story. Beneath it, options bets, perpetual traders, and institutional flows are pulling in different directions, and only one of them resolves the puzzle.
Nvidia and the Semiconductor Index have moved in opposite directions on about half of all trading sessions over the past 50 days, near the highest rate since the 2022 bull market began. That frequency has more than quadrupled since the start of April.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
The performance gap is just as wide. The Nvidia stock price is up roughly 15% on the year, while Broadcom (AVGO) has gained about 20% and AMD has climbed far higher.
2 hours ago
