Anxiety Amid a $600 Billion Gamble: Despite Soaring AI Spending by Tech Giants, Nvidia (NVDA.US) Stock No Longer Rises in Tandem

Since the beginning of the fourth quarter last year, the stock has risen less than 1%. Although it reached a record high in late October, its overall trend has remained largely range-bound. In addition, its performance in early 2026 has only slightly outperformed the S&P 500 Index. After achieving triple-digit percentage growth for two consecutive years, Nvidia's nearly 40% increase in 2025 represents a slowdown in growth.