In recent months, despite delivering quarterly revenues of more than $81 billion and tripling the net income, NVIDIA stock has entered a period of consolidation. It is very hard to pin this compression to a fundamental weakness in the NVIDIA Corporation (NASDAQ:NVDA) business. This article will aim to highlight the factors behind the shifting sentiment around NVIDIA stock on Wall Street since late 2025. This deep developer lock-in gives NVIDIA Corporation (NASDAQ:NVDA) an almost iron grip on the high-performance computing industry. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.