Nvidia, AI Chip Stocks Pull Back As Investors Turn Cautious
作者：Investor's Business Daily
Semiconductor stocks tied to the artificial intelligence megatrend dipped Friday as the second quarter nears its end. Astera Labs (ALAB), Broadcom (AVGO), Nvidia (NVDA) and Taiwan Semiconductor (TSM) were among the decliners.
"Sentiment and positioning generally seems mixed to cautious" in semiconductor stocks, Mizuho Securities trading-desk analyst Jordan Klein said in a note Friday after investor meetings.
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"A lot of 'watching and waiting' given war breaking out in Iran and ongoing trade and tariff uncertainty," Klein said.
Still, investors remain bullish on AI chip and hardware names, such as Nvidia stock, he said.
On the stock market today, Astera Labs stock fell 6.5% to close at 93.07. Broadcom retreated 0.3% to 249.99. Marvell Technology (MRVL) slid 1.9% to 73.51.
Meanwhile, Nvidia stock sank 1.1% to 143.85. Taiwan Semiconductor dropped 1.9% to 209.51.
Nvidia stock is on three IBD lists: Leaderboard, Sector Leaders and Tech Leaders.
Astera Labs is on the IBD 50 list and Tech Leaders. Broadcom is on Leaderboard and Tech Leaders. TSM stock is on Global Leaders and Tech Leaders.
Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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