🛑 The AI and Semiconductor Bloodbath
For months, companies like Nvidia and Broadcom have been carrying the entire stock market on their backs. On Friday, the music stopped. Institutional investors decided it was time to take profits.
Nvidia ($NVDA) tumbled over 6%, wiping out roughly $300 billion in market value in hours.
Broadcom ($AVGO) fell nearly 8% after dropping double digits the day before.
The PHLX Semiconductor Index cratered 10%—its absolute worst single-day performance since the pandemic crash of March 2020.
BNB
597.32
-0.79%