Nvidia's Largest Single-Day Decline and Its Implications

Nvidia Experienced Its Largest Single-Day Decline on 27th Jan, tumbled 17%, erasing USD589B from its market capitalisation, it was the biggest in the US stock market history.
What will be the implications?

Last month, we discussed how the Nasdaq reached and responded well to the upper band of its parallel channel.
Nvidia being one of the largest market cap stocks in Nasdaq. What will be Nasdaq’s performance like for the rest of the year?

Let’s explore how we can include fundamental analysis to make sense of the situation.

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Ticker: MNQ
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