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Nvidia's stock struggles as Kalshi traders bet chip prices are coming down

CNBC · Jun 22, 2026, 7:08 PM · Also reported by 2 other sources

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  • Shares of Nvidia have been faltering recently – and Kalshi traders predict that what the company can charge for chips is also declining.
  • While the artificial intelligence chipmaker is up about 12% in 2026, shares have been skidding in the past month, losing roughly 3%.

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Shares of Nvidia have been faltering recently – and Kalshi traders predict that what the company can charge for chips is also declining.

While the artificial intelligence chipmaker is up about 12% in 2026, shares have been skidding in the past month, losing roughly 3%. In comparison, the Van Eck Semiconductor ETF (SMH) is up 84% this year, and the fund has advanced 15% in the past month.

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