The chip index is up 6.3%. Nvidia is down 5.4%. An 11.7-percentage-point gap. That's roughly the same relative loss Nvidia suffered on Jan 28, 2019, when it cut guidance. Except that day the rest of the chip index was falling too. Today $AMD is up 11%, $AVGO 8%, $MRVL 10%. Hard to call this a broad AI selloff when Nvidia's competitors are having days like that.
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