However, it’s not like Nvidia hasn’t been delivering the goods. Its revenues are soaring, its profits are stupefying, and its forward guidance is scurrying forward. Clearly, there’s more going on here.
One explanation points to worries over the cyclical nature of the semiconductor industry, and worries over a potential AI bubble aren’t helping matters either. Those are some of the reasons that top investor Jeremy Bowman believes NVDA’s share price has been rather subdued in 2026.
“Nvidia’s performance has been downright pedestrian this year,” says the 5-star investor, who is among the top 1% of stock pros covered by TipRanks and a writer for The Motley Fool.
While he acknowledges the bubble concerns, Bowman also points out that this risk is “more than priced into Nvidia stock.”
Moreover, the investor notes that the fear has been in the market for close to a year, while the bullish signals continue to flash. He cites the blowout Micron earnings report from last week as a clear demonstration that there’s plenty of growth left on the table.
