<div id="readability-page-1"><div><figure></figure>What Happened? A number of stocks fell in the afternoon session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.The damage spread globally: South Korea's Kospi fell 5.5%, with Samsung down 6.4% and SK Hynix nearly 10%. European names followed: ASML fell 3.8% and Infineon lost more than 6%.The mechanism is two-fold. Broadcom's guidance miss reset expectations for the pace of hyperscaler AI chip spending, removing the sector's most visible growth catalyst.The 172,000-payroll print then eliminated near-term rate cut hopes and introduced rate hike risk by year end per CME FedWatch. Semiconductor valuations, built on aggressive multi-year earnings assumptions, are acutely sensitive to these discount rate movements.The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.Among others, the following stocks were impacted:<ul><li>Semiconductor Manufacturing company Applied Materials fell 7.3%. Is now the time to buy Applied Materials? Access our full analysis report here, it’s free.</li><li>Semiconductor Manufacturing company Lam Research fell 7.5%. Is now the time to buy Lam Research? Access our full analysis report here, it’s free.</li><li>Semiconductor Manufacturing company Nova fell 7.3%. Is now the time to buy Nova? Access our full analysis report here, it’s free.</li></ul>Zooming In On Lam Research (LRCX)Lam Research’s shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.The previous big move we wrote about was 3 days ago when the stock gained 4.8% on the news that Jensen Huang's (Nvidia's CEO) GTC Taipei keynote at Computex reframed how large and how long the AI chip cycle will run.The first announcement — Vera Rubin entering full production — confirmed the next wave of data center AI compute is now locked in. Vera Rubin, Nvidia's successor to Blackwell, delivers a 10x reduction in inference token cost and requires 4x fewer GPUs to train the same models. Thousands of Nvidia engineers were involved in its development, and system builders already in full-scale production include Dell, HPE, Lenovo, Supermicro, and IBM. That list is a read-through for the entire AI supply chain: every name on it needs more servers, more memory, more optical connectivity, and more chip equipment.The second announcement carried a different charge. Nvidia unveiled RTX Spark — an Arm-based AI PC chip co-developed with MediaTek — and Jensen Huang said Nvidia and Microsoft are going to &#34;reinvent the PC.&#34; RTX Spark integrates a Blackwell GPU and a Grace CPU on a single package with 128GB of unified memory, capable of running 120-billion-parameter AI models locally without cloud connectivity. It launches later in the year on Windows PCs from Microsoft, Dell, HP, ASUS, Lenovo, and MSI.Lam Research is up 68.9% since the beginning of the year, and at $312.60 per share, it is trading close to its 52-week high of $343.71 from June 2026. Investors who bought $1,000 worth of Lam Research’s shares 5 years ago would now be looking at an investment worth $4,812.ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.</div></div>

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Applied Materials, Lam Research, and Nova stocks fell significantly due to a broad semiconductor selloff triggered by Broadcom's earnings miss and stronger-than-expected US jobs data. The jobs report dampened near-term rate cut hopes, increasing sensitivity for high-valuation tech stocks. Despite the drop, market analysis suggests this volatility may present buying opportunities for high-quality names like Lam Research, which remains up nearly 69% year-to-date.

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Applied Materials, Lam Research, and Nova Stocks Trade Down, What You Need To Know