July 1 – Semiconductor shares fell broadly on Tuesday as investors booked profits early in the second half of the year.
Nvidia (NASDAQ:NVDA), AMD (NASDAQ:AMD) and Broadcom (NASDAQ:AVGO) led declines, each sliding about 3% or more. The trio had been among Wedbush Securities’ picks for second?half 2025, thanks to anticipated enterprise and government AI spending, the firm said in a note.
Micron Technology (NASDAQ:MU) slipped 2%, while Qualcomm (QCOM), Analog Devices (ADI), Texas Instruments (NASDAQ:TXN) and NXP Semiconductors (NXPI) each edged down fractionally.
By contrast, Intel (NASDAQ:INTC) rose about 2%, and ON Semiconductor (ON) added nearly 1% in late?morning trades.
GlobalFoundries (NASDAQ:GFS) climbed more than 2% after Argus initiated coverage with a Buy rating on Monday. We believe the urgency to onshore chip production positions GlobalFoundries for years of growth, Argus analysts wrote.
The session underscores cautious profit?taking in high?flying AI names, even as broader chip demand remains supported by long?term technology investments.
Market watchers will look to upcoming earnings and policy updates for fresh catalysts in the semiconductor space.
This article first appeared on GuruFocus.