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U.S. semiconductor giant NVIDIA NVDA plunged roughly 17% (approximately $593 billion) on Monday after Chinese Artificial Intelligence (AI) company DeepSeek showcased models that cost a fraction of what U.
Broadcom stock is struggling for direction Tuesday after the chipmaker fell sharply Monday following the release of DeepSeek, a cheap AI chatbot.
With a market cap of $947.5 billion, Broadcom Inc. (AVGO) is a global leader in designing, developing, and supplying semiconductor solutions, with a focus on complex digital, mixed-signal CMOS devices,
Broadcom Inc.'s strong stock gains, dividend growth, and strategic acquisitions make it a long-term investment opportunity. Learn more on AVGO stock here.
DeepSeek's latest AI model, R1, raises questions about AI chip demand with its low training cost. But history shows efficiency drives more demand.
Broadcom's AI revenue is resilient to trade wars and sanctions, unlike Nvidia, making it a better investment in the current climate. Read more about AVGO stock here.
Morgan Stanley lowered the firm’s price target on Broadcom (AVGO) to $246 from $265 and keeps an Overweight rating on the shares. The DeepSeek
Shares of exchange-traded funds that hold semiconductor stocks were down Tuesday morning, extending Monday’s selloff sparked by DeepSeek fears. The iShares Semiconductor ETF, whose top holdings as of Monday included Broadcom Inc.
Monday’s trading session saw mixed results in the U.S. stock market. The S&P 500 dropped by 1.5% to 6,012.28, shedding nearly 90 points, while the NASDAQ fell 3.07% to 19,341.83. On the other hand, the Dow managed to trade up by 0.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 13.6% in the morning session as stocks heavily tied to the AI market took a hit after Chinese artificial intelligence startup DeepSeek released a new large language model (DeepSeek-R1) that ranks competitively on key global benchmarks (coding competitions,
Investors piled back into Nvidia and other U.S. AI stocks Tuesday, although recent volatility had some on Wall Street tempering their expectations.