Why are avgo, nvda, lly falling today

The declines in AVGO, NVDA, and LLY today can be attributed to specific company-related factors and broader market dynamics:

1. **Broadcom (AVGO)**: Broadcom's stock fell by 3.88% today, which may be influenced by the following factors:
- **AI Spending Concerns**: Broadcom's stock has faced pressure due to concerns about a slowdown in AI spending, which impacted investor sentiment.
- **Q2 Earnings and Guidance**: Despite reporting fiscal second-quarter results and guidance that topped expectations, Broadcom's stock fell 2.9% in extended trading. This could indicate that the market had concerns or reacted to details within the earnings report.
- **Valuation and Analyst Forecasts**: With an average one-year price target from analysts suggesting a potential downside from the current price, there may be concerns about the stock's valuation. GuruFocus estimates Broadcom may be overvalued based on historical trading multiples.
2. **Nvidia (NVDA)**: Nvidia's stock fell by 0.55% today, which might be influenced by:
- **China Trade Concerns**: Nvidia's stock was impacted by the escalating trade tensions with China, primarily due to the U.S. restrictions on exporting its H20 chip to China, which accounts for 13% of its total revenue.
- **Insider Selling**: The stock also faced pressure due to insider selling activity, with Nvidia’s Board of Directors members, including CEO Jensen Huang, selling a significant amount of shares.
3. **Eli Lilly (LLY)**: Eli Lilly's stock dipped by 0.02% today, which might be influenced by:
- **Earnings Forecast Lowering**: Erste Group downgraded Eli Lilly from a Buy to a Hold, adjusting its earnings projections for 2025 downward. This reflects a cautious outlook on the company's near-term performance.
- **Long-Term Growth Story Remains Phenomenal**: Despite the decline, the long-term growth story for Eli Lilly remains strong, with significant returns over the past years and a strong market position in the pharmaceutical sector.

In summary, today's declines are likely a result of a combination of factors including company-specific news, market sentiment, and broader economic indicators. Investors should monitor these factors for any signs of improvement or further declines.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|NVDA|NVDA.O|Nvidia|20240605|5.1556|185|
|AVGO|AVGO.O|Broadcom|20240605|6.1819|185|
|LLY|LLY.N|Eli Lilly|20240605|-0.0997|169|
|NVDA|NVDA.O|Nvidia|20240606|-1.1777|185|
|AVGO|AVGO.O|Broadcom|20240606|-0.8365|185|
|LLY|LLY.N|Eli Lilly|20240606|0.6649|169|
|NVDA|NVDA.O|Nvidia|20240607|-0.0909|185|
|AVGO|AVGO.O|Broadcom|20240607|0.3832|185|
|LLY|LLY.N|Eli Lilly|20240607|1.5168|169|
|NVDA|NVDA.O|Nvidia|20240610|0.7461|185|