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Large-Cap Chip Stocks Are Down Again. Will This Trend Continue?

Large-Cap Chip Stocks Are Down Again. Will This Trend Continue?

Tech stocks have been driving the market higher this year as investors continue to buy up shares of companies with exposure to artificial intelligence. As of the close on Friday, the tech-heavy Nasdaq Composite has risen 18% this year and 31% over the last 12 months. Meanwhile, large chip companies like Nvidia, Broadcom and Super Micro Computer have jumped 156%, 48% and 218%, respectively, this year.