by Coinstrooper Crypto Articles
Quick Take
  • Twelve Nasdaq 100 stocks have more than doubled in 2026, and none of them belong to the Magnificent Seven.
  • But the biggest leaders was SanDisk, up 411% year to date, while Micron and Intel also more than doubled this year.
  • The rest of the list skews heavily toward companies that build AI infrastructure hardware rather than software platforms.
  • Amazon leads with a 20% gain this year, followed by Nvidia at 14%, Apple at 13%, and Alphabet at 12%.

What Happened

Twelve Nasdaq 100 stocks have more than doubled in 2026, and none of them belong to the Magnificent Seven.

The Magnificent 7 stocks all have different primary focuses, even though they are grouped together as large, influential tech-adjacent powerhouses heavily tied to trends like artificial intelligence. But the biggest leaders was SanDisk, up 411% year to date, while Micron and Intel also more than doubled this year.

All 12 Nasdaq 100 Stocks That Doubled

Market Context

Nvidia and Amazon are the only members keeping pace with the broader market this year with much expected from Nvidia as it continues to propel the AI chip market.

Why It Matters

The rest of the list skews heavily toward companies that build AI infrastructure hardware rather than software platforms.

Sandisk (SNDK) +406%

Details

Micron (MU) +207%

Intel (INTC) +175%

Arm Holdings (ARM) +159%

Marvell Technology (MRVL) +157%

Western Digital (WDC) +152%

Lumentum (LITE) +142%

AMD (AMD) +126%

Nebius (NBIS) +125%

Applied Materials (AMAT) +110%

Fortinet (FTNT) +101%

Astera Labs (ALAB) +101%

The Magnificent Seven Are Sitting This Out

Returns vary widely inside the group. Amazon leads with a 20% gain this year, followed by Nvidia at 14%, Apple at 13%, and Alphabet at 12%.

Microsoft has managed just a 4% gain. Meta has fallen 10%, and Tesla is down 27%, the group’s weakest performer. The S&P 500 has gained roughly 13% over the same period.

Ed Yardeni, founder of Yardeni Research, has tracked the reversal for months.

“The Impressive-493 has outperformed the Magnificent-7 since last November.”

Ed Yardeni,

The gap leaves five of the seven trailing the broader index. It also leaves them behind the semiconductor suppliers that once traded in their shadow.