2024-07-30 10:00:00 ET
Nvidia (NASDAQ: NVDA) , Advanced Micro Devices (NASDAQ: AMD) , and Broadcom (NASDAQ: AVGO) have been some of the hottest semiconductor stocks over the last couple of years. But recently, the artificial intelligence-fueled rally has cooled, sending Nvidia down 17% from its all-time high, Broadcom down 18%, and AMD down 35%.
Let's determine whether the sell-off is a buying opportunity, or if these growth stocks ran up too far, too fast.
Image source: Getty Images.
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Down Between 17% and 35% From Their 52-Week Highs, Should You Buy the Dip on Nvidia, Broadcom, and AMD?