"Nasdaq Plummets as High-Flying Nvidia and Others Finally Falter"

1 min read
Source: ForexLive
"Nasdaq Plummets as High-Flying Nvidia and Others Finally Falter"
Photo: ForexLive
TL;DR Summary

The Nasdaq experienced a decline as high-performing stocks like Nvidia, Costco, Broadcom, and Supermicro saw significant drops due to profit taking, with Nvidia's shares falling more than 6%. This trend of profit taking may help cool down some of the market excess, particularly for stocks like Supermicro, which has seen extremely high RSI levels. The current market movement reflects a period of de-grossing, and while corrections can be harsh, it's a common occurrence in bull markets.

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