QUICK SPARK: Broadcom Scores Historic Win Over Nvidia as AVGO-NVDA Gap Explodes
Summary
Broadcom shares surged this week while Nvidia stock experienced a significant decline. This shift resulted in the largest weekly increase on record for the Broadcom-to-Nvidia price ratio.
Broadcom has not beaten Nvidia by this much in a single week since it went public in 2009. Broadcom Inc. (NASDAQ:AVGO) is up 18% this week, trading near $346.60 on Friday afternoon. NVIDIA Corp. (NASDAQ:NVDA) has fallen 12.9% to about $162.60. As a result, the Broadcom-to-Nvidia price ratio has jumped 35.4%, its biggest weekly gain on record. The previous high,…
Source: Read the full story at Top Stories Feed
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.