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The biggest chip companies have seen their stocks underperform this year, and that dynamic doesn’t make sense to one Cantor Fitzgerald analyst.
Cantor’s C.J. Muse wrote that while makers of networking, memory, storage and semiconductor capital equipment have witnessed surging stock performances this year due to tight supply-and-demand imbalances, Nvidia
NVDA and Broadcom AVGO shares have largely missed out on the party, trading in the red so far this year and underperforming the broader PHLX Semiconductor Index SOX.
