AI stocks, led by Nvidia and Celestica, have significantly outperformed the broader tech sector in 2026, fueled by substantial investments in AI infrastructure. The Global X Artificial Intelligence & Technology ETF reported a 23% gain this year, while the Nasdaq Composite saw a 13% increase. Analysts, including Bank of America’s Vivek Arya, predict the build-out of AI infrastructure will continue to drive market growth through the year.
Nvidia, which commands an 80% to 90% market share in AI chip design, reported earnings per share of $4.77 for fiscal 2026, with strong projected growth rates of 50% over the next three years. Meanwhile, Celestica’s Q1 revenue surged by 53% year-over-year to $4.05 billion, with Q2 expectations suggesting a 49% increase. Both companies are positioned to benefit from escalating capital expenditures from leading tech firms, which are expected to rise by 77% to a record $725 billion in 2026.
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