Why ’Net Stocks’ are down sharply this year despite Nasdaq’s gains

Investing.com - A sharp selloff across internet equities this year has created an attractive entry point for investors, with major hyperscalers poised for potential free cash flow inflection points over the next 3 to 12 months, according to a research note from Evercore ISI. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now » The 19 large-cap internet stocks covered by Evercore ISI have dropped by an average of 18% in 2026, severely underperforming broader market benchmarks, with the S&P 500 up 14% and the Nasdaq Composite rising 19%.