{"id":138193,"date":"2024-12-17T23:12:55","date_gmt":"2024-12-17T16:12:55","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=138193"},"modified":"2024-12-17T23:12:55","modified_gmt":"2024-12-17T16:12:55","slug":"nvidia-stock-slumps-into-a-correction-and-broadcom-sinks-despite-its-nvidia-moment","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=138193","title":{"rendered":"Nvidia stock slumps into a correction \u2014 and Broadcom sinks despite its &#8216;Nvidia moment&#8217;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-g633g8 loader\" style=\"--max-height: 534px;\">\n<div class=\"image-wrapper yf-g633g8\" style=\"--aspect-ratio: 800 \/ 534; --img-max-width: 800px;\"><img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Photo: Michaela Vatcheva\/Bloomberg (Getty Images)\" loading=\"eager\" height=\"534\" width=\"800\" class=\"yf-g633g8 loader\"\/><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->Photo: Michaela Vatcheva\/Bloomberg (Getty Images)<!-- HTML_TAG_END -->  <\/figcaption><\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Nvidia (<a class=\"link \" href=\"https:\/\/qz.com\/quote\/NVDA\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:NVDA;elm:context_link;itc:0;sec:content-canvas\">NVDA<\/a>) stock is in correction territory, and rival chipmaker Broadcom\u2019s (<a class=\"link \" href=\"https:\/\/qz.com\/quote\/AVGO\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:AVGO;elm:context_link;itc:0;sec:content-canvas\">AVGO<\/a>) late-year boost took a hit Tuesday morning.<br \/><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Shares of Nvidia fell 2.9% Tuesday trading at $128.17, after slumping into a correction by market close the day before. A correction typically refers to when a stock falls 10% or more from an all-time high closing price. Nvidia stock rallied to an all-time high of $148.87 in early November.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Competing semiconductor manufacturer Broadcom ended its hot streak after closing up more than 11% Monday and ending the day at $250 apiece. Broadcom stock fell more than 5% in Tuesday morning trading, to $326.54 per share.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->So far this month, shares of Broadcom are up roughly 50%, putting the stock on track to have its best month ever and adding hundreds of billions to its market capitalization. <a class=\"link \" href=\"https:\/\/qz.com\/broadcom-stock-market-cap-ai-chip-apple-1851720618\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Broadcom now has a market capitalization of $1.17 trillion;elm:context_link;itc:0;sec:content-canvas\">Broadcom now has a market capitalization of $1.17 trillion<\/a>.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Nvidia stock is still up more than 170% year-to-date. Broadcom shares have climbed 130% in the same period.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->As Nvidia sinks and Broadcom soars, the latter chipmaker is finally having its own \u201cNvidia moment,\u201d Bernstein analyst Stacy Rasgon <a class=\"link \" href=\"https:\/\/www.marketwatch.com\/story\/broadcom-is-having-a-nvidia-moment-as-stock-swells-further-6fcb18e1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:wrote;elm:context_link;itc:0;sec:content-canvas\">wrote<\/a> in a Monday note reported by MarketWatch (<a class=\"link \" href=\"https:\/\/qz.com\/quote\/NWSA\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:NWSA;elm:context_link;itc:0;sec:content-canvas\">NWSA<\/a>). The company\u2019s \u201crobust AI story is finding its own \u2018Nvidia moment\u2019 with a likely sharp new product ramp into [the second half of] 2025, and outlook for material opportunity \u2026 a few years out,\u201d Rasgon said.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Despite a \u201cfairly lousy\u201d core business outside of artificial intelligence, Broadcom posted promising <a class=\"link \" href=\"https:\/\/investors.broadcom.com\/news-releases\/news-release-details\/broadcom-inc-announces-fourth-quarter-and-fiscal-year-2024\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:fourth-quarter earnings;elm:context_link;itc:0;sec:content-canvas\">fourth-quarter earnings<\/a> last week that beat Wall Street estimates and provided upbeat guidance for the year to come.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->This past fiscal year, Broadcom generated a record $30.1 billion in semiconductor revenue, driven by AI revenue of $12.2 billion, the company said. AI revenue alone grew 220% on an annual basis, fueled by the company\u2019s AI XPUs and Ethernet networking portfolio.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Broadcom is expecting first quarter revenue of approximately $14.6 billion, with EBITDA (earnings before interest, taxes, depreciation, and amortization) of 66% of projected revenue over the three months. In a call with analysts, company leadership said it sees the opportunity \u201cover the next three years in AI as massive.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->For the latest news, <a class=\"link \" href=\"https:\/\/www.facebook.com\/quartznews\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Facebook;elm:context_link;itc:0;sec:content-canvas\">Facebook<\/a>, <a class=\"link \" href=\"https:\/\/twitter.com\/qz\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Twitter;elm:context_link;itc:0;sec:content-canvas\">Twitter<\/a> and <a class=\"link \" href=\"https:\/\/instagram.com\/qz\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Instagram;elm:context_link;itc:0;sec:content-canvas\">Instagram<\/a>.<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-slumps-correction-while-130600029.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Photo: Michaela Vatcheva\/Bloomberg (Getty Images) Nvidia (NVDA) stock is in correction territory, and rival chipmaker Broadcom\u2019s (AVGO) late-year boost took a hit Tuesday morning. Shares of Nvidia fell 2.9% Tuesday &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=138193\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-138193","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/138193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=138193"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/138193\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=138193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=138193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=138193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}