Nvidia (NVDA) fell last week but is close to forging a new base. Broadcom (AVGO), Taiwan Semiconductor (TSM) and recent IPO Astera Labs (ALAB) also are working on potential bases, while ARM Holdings (ARM) already has one. Super Micro Computer (SMCI), closely tied to AI chips, also is forging a base.
Super Micro and Nvidia are the top S&P 500 performers in 2024.