Some analysts are beginning to question whether AI stocks can maintain their explosive trajectory into 2026. Nvidia — currently one of the most influential companies on the Nasdaq — has surged more than 35% over the past year. But even bullish investors are asking whether continued growth can justify ever-higher valuations.

As AI stocks attract massive capital flows, Bitcoin now finds itself competing for investor attention in ways it hasn’t before. Market participants note that AI has become the dominant growth narrative, potentially sidelining crypto — at least temporarily. If confidence in AI’s momentum begins to crack, however, that same capital could shift rapidly.