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

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. In any event, Krispy Kreme is beating Nvidia so far in 2026 based on the percent gain for its stock price.

To be sure, Nvidia and Krispy Kreme are not competitors in the market and their stock prices are not comparable except for the purpose of some laughs. Nvidia, with a market cap of more than $4.5 trillion, remains a juggernaut that captures the world’s attention. Krispy Kreme, meanwhile, has a market cap of under $1 billion, but they do make a damn good glazed donut. Krispy Kreme also rolled out a new line of Pokemon donuts this year, and they’re delicious.

The Nvidia selloff was due in part to Democrats taking control of the House and Senate–that’s notable because a lot of candidates who won seats are campaigning against AI data centers, thereby putting pressure on Nvidia’s stock price. Alternatively, lawmakers don’t seem to have any issues with donuts.