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NVIDIA shares fell 5.6% intraday, while competitors such as Advanced Micro Devices and Broadcom traded higher
NVIDIA's stock price fell 5.6% intraday, having slumped by over 13% in early trading before paring losses. Meanwhile, Advanced Micro Devices (AMD) rose 4.4% and Broadcom gained 5.2%. The broader U.S. stock market rebounded after an early dip, with the Dow Jones Industrial Average rising 0.4% after the open and the S&P 500 up about 0.2%.
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