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Stock Market Performance of Top NVIDIA Competitors This Year
Here is a look at tech companies ahead of NVIDIA’s earnings release
U.S. tech giant NVIDIA [NVDA] is scheduled to announce its earnings on May 28 following which, some believe, there could be a NVIDIA stock split. The stock closed at $131.29 in the week ended May 23, 2025 down 2.2% since its year-end close of $134.28 on the last day of 2024.
While NVIDIA is expected to announce improved earnings for the first quarter of 2025, its competitors have also suffered from the tariff uncertainties that President Donald Trump has unleashed since her return to the White House for a second term.
NVIDIA has made big strides on artificial intelligence (AI) and is expected to show good results. Its major rivals are Advanced Micro Devices [AMD], Intel Corporation [INTC], Broadcom [AVGO], Qualcomm Inc [QCOM], and Amazon Web Services [AWS], an Amazon subsidiary.
Advanced Micro Devices lost the most year to date at 8.68%, closely followed by Amazon Web Services having lost 8.39% in value from its 2024 close. Broadcom lost the least, shedding 1.05%, followed by Qualcomm that lost 4.86% in value. Intel Corporation remained unchanged.
Tracking the tech stocks, NASDAQ-100 Index (NDX) in which tech stocks have more than 60% weightage, has experienced notable fluctuations throughout the year. The index reached an all-time high of 22,175.60 on February 19, 2025, before facing a significant downturn in April due to global trade tensions and tariff implementations.
Performance of competition
Here is a look at how NVIDIA’s competitors have fared year to date:
1. Advanced Micro Devices: The stock closed on May 23 at $110.31, a change of -8.68% from Dec 31, 2024, close of $120.79;
2. Intel Corporation closed at $20.05 on May 23 unchanged from 2024 close;
3. Broadcom Inc. stock closed at $228.72 last week, falling 1.05% from $231.14 last year;
4. Qualcomm Inc. closed on May 23 at $145.38, shedding 4.86% in value from Dec 31, 2024 close of $152.80;
5. Amazon Web Services closed at $200.99 on May 23, down 8.39% from Dec 31, 2024 close of $219.39.
NVIDIA Stock Performance in 2025
• Closing Price on December 31, 2024: $134.28
• Latest Closing Price (May 23, 2025): $131.29
• Year-to-Date Change: Approximately -2.2%(StatMuse, Nasdaq)
The stock reached an all-time high of $149.42 on January 6, 2025, before experiencing a significant drop in late January. This decline was largely attributed to the emergence of DeepSeek, a Chinese AI startup that introduced an advanced AI model at a lower cost and computing power, leading to a substantial sell-off in NVIDIA shares. This event resulted in NVIDIA experiencing the largest one-day loss in market capitalization for a U.S. company in history, shedding nearly $600 billion, a Wikipedia reported.
Despite this setback, NVIDIA's stock has shown resilience, recovering from its lows in April and stabilizing around the $130 mark. The company's fundamentals remain strong, supported by robust demand for its AI and GPU technologies.
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