Nvidia Stock Underperforms as Kalshi Traders Predict Decline in B200 Chip Prices
In 2026, Nvidia's stock has underperformed the VanEck Semiconductor ETF (SMH), gaining only 12% compared to SMH’s nearly 85%. The AI chipmaker is losing ground as market focus shifts toward memory chips and infrastructure. Kalshi traders also anticipate a continued decline in compute prices for Nvidia's B200 GPU.
Topics: AI chips GPU compute pricing Nvidia Semiconductor ETF