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NVIDIA Shares fell in premarket trading Tuesday broadcom Continued its rapid rise higher.
Nvidia stock was down about 1.8% in premarket trading at 10:47 a.m. London time. Company on Monday… a recorded improvement area – Broadly defined as the point when a stock falls 10% or more from its all-time high.
Nvidia hit its closing high of $148.88 last month.
In a tale of two chip stocks, Broadcom shares were 1.9% higher in premarket trade at 10:50 a.m. London time. In the last five days alone, Broadcom’s shares have increased by 40%, while Nvidia’s shares have increased by 5%.
The bullishness around Broadcom has been boosted by the company’s release last week fourth quarter earnings Which exceeded expectations and the revenue outlook for the current quarter was better than forecasts. Many Wall Street brokers, including Goldman Sachs, have done so Increase your price target Recently on Broadcom’s stock.
Broadcom shares have risen more than 120% so far this year, while Nvidia shares have risen more than 160% over the same period.
This breaking news story is being updated.
