These Artificial Intelligence (AI) Stocks Have Crushed Nvidia in 2026 With Gains of 67% and 121%.
They Can Still Soar Higher Artificial intelligence (AI) pioneer Nvidia is having an underwhelming 2026 so far despite delivering outstanding results quarter after quarter
Shares of the chipmaker have appreciated only 12% this year, well below the 74% jump in the PHLX Semiconductor Sector index. However, shares of Lumentum Holdings (NASDAQ: LITE) and Applied Materials (NASDAQ: AMAT) have been flying high in 2026. While Lumentum stock has gained 121% this year, Applied Materials has also jumped by an impressive 67%.
Both companies have benefited from massive investments in AI infrastructure. Let’s take a closer look at the reasons why these two stocks have been in fine form on the market so far this year and check why they are likely to deliver more upside. AI is driving phenomenal growth at Lumentum Holdings Lumentum Holdings manufactures optical and photonic components, such as lasers, transceivers, and amplifiers, which are deployed in the cloud, networking, and industrial markets.