As Tesla tanks, top funds bet big on AI leader Broadcom stock, as well as Nvidia and Google. But market pressures rise.
Dow Jones software giant Microsoft and Nvidia stock are near new buy points amid the weak stock market action in recent sessions.
Semiconductor stocks are sliding—except for Broadcom The reason appears to come down to the difference between Apple and Nvidia —and valuation. Through midday trading on Thursday, Intel and AMD shares are down 17% and 18%, respectively. Broadcom stock, up about 4%, is one of the few standouts.