The Philadelphia Semiconductor Index (SOX) hit a new 52-week high, gaining 2.7% despite Nvidia (NVDA) being down 2.2%. Broadcom's stock also surged, set for its best day in a year. Yesterday marked a rare occurrence with the SOX up over 2% and Nvidia down over 1%. As of December 6, the SOX gained 1,114 points this year, with Nvidia, AMD, and Broadcom contributing nearly 60% of the gains.
The Philadelphia Semiconductor Index has gained 1,114 points this year, as of December 6. Three stocks – Nvidia $NVDA, AMD $AMD, and Broadcom $AVGO – contributed almost 60% of that gain. https://t.co/abVM3HZHK2
The Philadelphia Semiconductor Index $SOXX has gained 1,114 points this year, as of December 6. Three stocks – Nvidia $NVDA, AMD $AMD, and Broadcom $AVGO – contributed almost 60% of that gains. https://t.co/GVBzQJX2V2
Yesterday was just the fourth time since 2010 that the SOX was up over 2% and Nvidia was down over 1%. $NVDA https://t.co/1lQuxr9x6B
Broadcom stock spikes, on pace for best day in a year https://t.co/OdJhA0AIPb
Broadcom stock spikes, on pace for best day in a year https://t.co/TDuhTDXxK0
The Philly SOX Semiconductor index $SOX is hitting a new 52-week high today with a gain of 2.7% even with its biggest stock -- NVIDIA $NVDA -- down 2.2% on the day.