Nvidia, Broadcom, and Other Chip Stocks Drop Thursday as AI Trade Falters
1. AVGO shares fell over 3% as earnings report approaches. 2. Uncertainty from new U.S. tariffs impacts semiconductor stocks negatively. 3. Rivalry with Alibaba's AI model raises competitive concerns. 4. PHLX Semiconductor Index declined by 2%, affecting broader tech market. 5. Marvell Technology's poor outlook significantly decreased its stock price.