Donuts Beat AI: Nvidia Has Lost $1 Trillion+ In The Past Month, While Krispy Kreme Surges

Following the US midterm elections this week, shares of Nvidia--the world's No. 2 most valuable company by market cap behind Apple--slid downhill in a big way. In fact, more than $1 trillion has been wiped out from Nvidia's market cap since its peak in October.

Nvidia stock rebounded today, November 6, following the huge selloff on November 5 that also affected numerous other AI and technology stocks. However, Nvidia is still lagging behind Krispy Kreme in terms of growth in 2026.

That's right, shares of Krispy Kreme stock--$DNUT--are up about 3% in 2026, compared to negative returns for Nvidia this year. If you invested $1,000 into both $DNUT and $NVDA this year, you'd be making money on donuts and losing money on AI.

Krispy Kreme's stock price exploded on November 5 after a solid earnings report, but has moderated since. …