The stock is down 5% in December and officially in correction territory, sitting about 12% off its closing high of $148.88 reached last month. The recent underperformance in Nvidia could signal some profit-taking on Wall Street after another marquee year. The market has continued powering to new highs as Nvidia underperforms. Other semiconductor stocks also gained Monday, with Micron Technology last up about 7% ahead of its quarterly results. Marvell Technology gained 2%, while On Semiconductor , Lam Research and Taiwan Semiconductor added at least 1%.

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Persons: Roth Organizations: Nvidia, Nvidia underperforms, Broadcom, Micron Technology, Marvell Technology, Semiconductor, Lam Research, Taiwan Semiconductor