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Investor's Business Daily

Investor's Business Daily

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Nvidia, AI Chip Stocks Pull Back As Investors Turn Cautious

Investor's Business Daily
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Astera Labs (ALAB), Broadcom ( AVGO ), Nvidia ( NVDA ) and Taiwan Semiconductor ( TSM ) were among the decliners.

"Sentiment and positioning generally seems mixed to cautious," Mizuho Securities trading-desk analyst Jordan Klein said.

Still, investors remain bullish on AI chip and hardware names, he said.