3 Stocks Crushing Nvidia This Year
The article says Nvidia is up about 15% in 2026, but three stocks have outperformed: Nebius (NBIS, +4.12%), Micron Technology (MU, +5.21%), and Taiwan Semiconductor Manufacturing (TSM, +2.27%). It cites Nebius Q1 revenue up 684% y/y and a target $7–$9B run rate by year-end. It says Micron expects its high-bandwidth memory TAM to rise from $35B (2025) to $100B (2028).
Strong, accelerating revenue growth narrative supports continued relative outperformance versus Nvidia if demand sustains.
Nebius reports Q1 revenue up 684% YoY and targets a $7B–$9B annual run rate by year-end, driving outsized AI-cloud momentum.
Moderately positive bias; momentum can persist but is vulnerable to any demand/valuation reset.
Background
The article is a comparative performance piece arguing three stocks have outpaced Nvidia in 2026, with brief fundamental rationales for each.
Why it matters
It provides a bullish read-through for AI infrastructure and memory supply constraints, while treating TSM as a mixed beneficiary due to its competitive customer exposure and valuation.
Market relevance
Useful for positioning around AI supply-chain momentum, but lacks a fresh, company-specific catalyst (e.g., earnings/guidance) to drive immediate trading decisions.
Market effects
Reinforces a trade theme: AI compute winners beyond Nvidia—AI cloud infrastructure (NBIS) and memory/HBM (MU) may remain favored if supply constraints persist.
Highlights Taiwan semiconductor ecosystem sensitivity to AI logic demand and competitive mix.
Supports the broader AI hardware supply-chain narrative (compute + memory), which can influence risk appetite across semis.
Alternative perspectives
The outperformance may be driven by valuation expansion and momentum; if AI capex or memory pricing normalizes, relative winners could unwind quickly.
For NBIS, margins are cited as very low (gross margin ~7.5%), so execution and cost discipline matter; for MU, the article flags cyclicality, implying downside risk if supply/demand balance improves.
Key entities
- companyNebius
AI cloud computing platform provider; cited Q1 revenue +684% YoY and $7B–$9B run-rate target for year-end.
- companyMicron Technology
Memory-chip supplier; cited GPU-driven memory demand and HBM TAM growth to $100B by 2028.
- companyTaiwan Semiconductor Manufacturing
Logic-chip manufacturer for Nvidia; also makes chips for competitors, described as neutral in AI demand read-through.
