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Chip stocks led a broader technology selloff in Monday’s premarket as renewed U.S.-Iran tensions sent oil prices higher and revived concerns about inflation and interest rates.Intel (INTC) fell 3.4%, Advanced Micro Devices (AMD) dropped 2.4%, while Nvidia (NVDA) declined 1%. Broadcom (AVGO) was als…
U.S. stocks fell across the board on Monday, weighed down by news of OpenAI slowing model training and a sharp rise in U.S. Treasury yields. AI hardware stocks faced a sell-off, with memory, chip, and optical communication stocks leading the declines.
The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how processors and graphics chips stocks fared in Q2, starting with Broadcom NASDAQ:AVGO.The biggest demand drivers for processors (CPUs) and graphics chips at the mome…