Nvidia Stock Under Pressure – Comeback in H2 2026?

Nvidia stock (NVDA) fell on Wednesday, July 1, 2026, by 2.15% to $195.79. Following a record-breaking first half of the year, investors took profits across the semiconductor sector, as Invezz reported. The price movement coincided with a period in which technology stocks came under selling pressure after strong gains in the first six months of 2026.

New Business with Blackwell B300 Servers

On June 29, 2026, Nvidia secured an order from Bit Origin for 16 Blackwell B300 AI servers. The servers are expected to be delivered in the third quarter of 2026 and will be deployed in Malaysia, generating monthly revenues of approximately $360,000 before operating costs, according to Bit Origin in a press release via Globe Newswire. The order demonstrates continued demand for Nvidia's new Blackwell architecture, which was specifically developed for AI workloads.

Expansion Beyond GPUs

While Nvidia continues to sell GPU clusters to hyperscalers – major cloud providers such as Amazon Web Services, Microsoft Azure, or Google Cloud – the company is increasingly investing in adjacent business segments. According to a report by The Motley Fool from June 28, 2026, Nvidia is building out its portfolio along the entire AI network value chain. This diversification could unlock new revenue streams for the company that do not depend directly on GPU business. Analysts view this strategy as an opportunity to tap into a long-term market opportunity of up to $1 trillion.

Comeback Expected in Second Half

Despite recent weakness, observers see potential for strong performance in the second half of 2026. The Motley Fool named Nvidia on July 3, 2026, as a candidate for the best performance among S&P 500 stocks in the second half of the year, following Sandisk's outperformance in the first half, which benefited from a shortage of memory chips. The assessment is based on Nvidia's position as a leading provider of AI accelerators and sustained high demand from the AI sector.

Weather as a Risk Factor for Data Centers

An external risk for Nvidia's customer base emerges from extreme weather events. According to a CNBC report from June 29, 2026, severe weather events are now the primary cause of losses in Zurich Insurance's portfolio of US data centers. Extreme heat and severe storms are already putting additional pressure on thermally stressed AI data centers. Since Nvidia GPUs are known for their high energy consumption and corresponding heat generation, this factor could affect operating costs and availability of data centers using Nvidia hardware.

Market Environment and Semiconductor Sector

The profit-taking on July 1, 2026, affected not only Nvidia but the entire semiconductor sector. Following a strong first half with significant gains for chip manufacturers, investors took profits. Nvidia remains one of the central beneficiaries of the AI boom, which has driven demand for high-performance computing accelerators since late 2024. The stock is among the most closely watched values in the technology sector and is considered an indicator of AI market development.