Broadcom's strong earnings and bullish forecast boost shares of other chip companies such as Nvidia, Micron and Applied Materials. Read More...
Motley Fool
Why Growth Stocks Nvidia, AMD, and Unity Dropped Today
Many growth stocks fell on Thursday, as investors rotated out of premium-priced companies. By the close of trading, shares of Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Unity Software (NYSE: U) were down 4%, 5%, and 9%, respectively. A tight labor market could lead to higher wages, which could, in turn, stoke inflation.
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