What to Expect From Nvidia Stock in July 2026: Recovery or Another Leg Down?

Nvidia’s stock trade near $195 and the shares have lagged peers in 2026, raising questions about whether the AI boom can keep fueling results. The article says Nvidia is the weakest performer in its chip peer group this year, while the semiconductor ETF is up nearly 59% and rivals such as AMD and Micron are gaining well over 100%. After a strong 2025, Nvidia fell about 18% from its June high, including a 10.7% drop in June. It also notes Reuters reporting in late June that OpenAI may delay its IPO to 2027 to protect a $1 trillion valuation, a signal investors interpreted as caution. Potential positives include U.S. licenses allowing Nvidia to sell its H20 chips in China again. The piece adds that July catalysts depend largely on late-July earnings from Microsoft, Meta, Amazon and Alphabet, since Nvidia’s results are not due until late August. Market indicators are mixed: Chaikin Money Flow sits near -0.01, options show a put-call ratio volume reading at 0.48, and Smart Money data shows a net short of about $16.7 million.