Nvidia is rolling out Blackwell, its next-generation AI chip architecture. Meanwhile, Broadcom is chasing what could be a $90 billion opportunity by 2027.

Nvidia shares were down 3.4% at $135.12 in early trading. The stock fell 0.2% on Thursday. The move looked to be in line with the broader market amid relatively thin trading volum

This year has been one of milestones for top tech company Nvidia (NASDAQ: NVDA). Nvidia also won a spot among the elite, with an invitation to join the Dow Jones Industrial Average, and the stock became the best performer on the benchmark for the year.

After a significant run-up, some investors have cooled on Nvidia stock. There are a number of potential catalysts on the horizon that could send the chipmaker higher. Nvidia's multiple has ticked steadily lower over the course of the year,