~37% of market strategists picked NVIDIA as the 2025 winner most likely to turn into a loser in 2026, in the latest Bloomberg Markets Pulse survey.

This was ahead of US Investment Grade credit, gold, the Korean KOSPI Index, and copper.

Meanwhile, 71% of respondents expect the S&P 500 to be higher this time next year, with 60% expecting gains of up to +20%.

Only 28% expect the index to decline in 2026.

Is NVIDIA set to struggle this year?