🔥 NVDIA took the SPOTLIGHT today. Nvidia plunged as much nearly 9% at the open, briefly wiping out nearly $400 BILLION in market value. $NVDA reached $170 before recovering to around $177 – 180. Meanwhile, the rest of the chip sector RIPPED. The Philadelphia Semiconductor Index rose ~5% after crashing 12.25% on Thursday. Early Monday moves: $AMD +9.5% $MRVL +9.2% $AVGO +7.9% $MU +6.0% $NVDA -3.8% Nvidia is under pressure after CEO Jensen Huang admitted to an affair with a businesswoman alleged to be a Chinese spy. Nvidia’s board has opened an independent probe into whether he was the target of a foreign intelligence effort during the weekend.
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