Nvidia, AMD, Broadcom Lead Chip Sector Sell-Off Amid Profit-Taking
ByAinvest
Thursday, Jul 3, 2025 9:31 pm ET1min read
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Semiconductor shares declined broadly as investors took profits in the second half of the year. Nvidia, AMD, and Broadcom led the decline, while Intel and ON Semiconductor rose. GlobalFoundries climbed after Argus initiated coverage with a Buy rating. The sell-off underscores cautious profit-taking in high-flying AI names, but demand remains supported by long-term technology investments. Market watchers will look to upcoming earnings and policy updates for fresh catalysts.
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