Nvidia's Shocking Drop: Is AI Hype Over?

Nvidia shares dropped into correction territory, down 12% from last month’s highs, as profit-taking hits Wall Street. Despite a 165% rally this year fueled by AI hype, Nvidia’s recent dip contrasts with record highs in the Nasdaq Composite. Meanwhile, Broadcom surged past $1 trillion market cap after strong earnings, stealing the spotlight from Nvidia. With other chipmakers like Micron and Marvell gaining momentum, is the AI chip leader losing its edge? #Nvidia, #AIChips, #StockMarketUpdate, #Broadcom, #TechStocks, #Nasdaq, #Semiconductors, #InvestingNews, #WealthyBusiness, #MarketTrends