3 Chip Stocks in the Spotlight to Kick Off March

Group 1: Semiconductor Stocks Overview - Nvidia Corp (NVDA) and Broadcom Inc (AVGO) are currently in focus due to reports of manufacturing tests with Intel (INTC) that may lead to a multi-billion dollar contract [1] - Intel (INTC) has seen a 1.3% increase in stock price, trading at $24.05, following its best monthly performance since November 2023, despite a 44.1% year-over-year deficit [1] Group 2: Nvidia Corp (NVDA) Performance - Nvidia (NVDA) is down 4.6%, trading at $119.24, extending a 7.1% weekly loss, marking its worst week since January 31, despite positive earnings results [2] - Over the past 12 months, NVDA shares have gained 46.7%, but have decreased by 10.4% year-to-date, currently trading below all long- and short-term moving averages [2] Group 3: Broadcom Inc (AVGO) Performance - Broadcom (AVGO) is down 3.4%, trading at $192.11, and has reached its lowest level since mid-December after experiencing its worst monthly loss since September 2023 [3] - AVGO has a year-to-date deficit of 16.8%, with long-term support potentially at the 140-day trendline [3] Group 4: Upcoming Earnings Report - Broadcom is set to report fiscal first-quarter earnings on March 6, with a history of positive post-earnings reactions, finishing five of the past eight sessions higher [4] - Options traders are anticipating a 13.2% price move following the earnings report, while the average next-day swing over the last two years has been 8.8% [4]