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Broadcom Inc.’s commentary about the potential of artificial intelligence over the next three years had investors bidding up other stocks across the technology sector — but not shares of Nvidia Corp. or Advanced Micro Devices Inc.
While Broadcom shares
AVGO had a record one-day rally, rising more than 24%, and the PHLX Semiconductor Index SOX gained 3.4%, shares of Nvidia NVDA and AMD AMD were both down and were the two biggest laggards in that chip index. Nvidia’s stock fell 2.3% and AMD’s lost 2.8%.
