Bernstein is out today with its take on two important developments in the semi sphere: NVIDIA's ongoing rout which has now primed the stock for dip-buying, and TSMC's mammoth investment pledge for the US. First, on the ongoing weakness in NVIDIA shares, Bernstein analyst Mark Li notes that the stock has been "battered by a storm of growth fears, supply chain noise, and tariff and regulatory risks." In fact, NVIDIA shares are now underperforming their peers as well as the market, with the SOX index down 8 percent so far this year and the S&P 500 index down just 1 […]
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