"While unwelcome, volatility is common in semi stocks and does not always presage a fundamental shift," Bank of America said.

Intel rivals Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring potential deals that could split the storied American chip giant.

Intel is testing its last shot at redemption. Nvidia and Broadcom are interested--but will they actually commit?

The AI trade continued to falter on Monday, with Nvidia stock slumping into bear territory. Equities nosedived after President Trump reiterated plans for a 25% tariff on Canadian and Mexican imports starting tomorrow.

Broadcom is set to report fiscal first-quarter results after the market closes Thursday, with analysts widely bullish on the chipmaker's stock despite recent losses.