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Nvidia, AMD Stocks Slip. Broadcom Says It Will Gain Market Share in AI Chips.

1. Nvidia shares fell 4.01% amid concerns over market share erosion. 2. Broadcom reported strong demand for AI chips and received $10B in orders. 3. Analysts believe OpenAI is shifting some workloads away from Nvidia. 4. Broadcom CEO indicates growing confidence in custom AI chip adoption. 5. Custom AI chip market share expected to rise from 11% to 15% by 2030.

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FAQ

Why Bearish?

Nvidia's market share fears increase as major clients shift to Broadcom's custom chips. Historical context shows Nvidia faced similar challenges from competitors before but rebounded.

How important is it?

The article highlights direct competition and market dynamics affecting NVDA's future.

Why Short Term?

Immediate market reactions likely affect NVDA in the next few weeks. Market sentiment wavers rapidly around earnings reports and competitor developments.

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