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Benzinga
203 days

Nasdaq Dips 3% As Nvidia, Other Chip Stocks Tumble: Investor Sentiment Declines, Greed Index Moves To 'Fear' Zone

1. Fear and Greed index dropped to 39.1, indicating increased market fear. 2. Nasdaq Composite fell over 3%, impacting tech stocks and AI optimism. 3. U.S. building permits rose by 0.7%, signaling potential economic strength.

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FAQ

Why Bearish?

Increased fear may lead to overall negative sentiment impacting NVDA. Historical dips in sentiment often affect tech stocks significantly.

How important is it?

The article highlights market sentiment, directly impacting NVDA's performance. Sentiment analysis is crucial for tech stock movements.

Why Short Term?

The immediate reaction to fear in the market will likely influence NVDA soon. Similar past instances saw quick declines in tech stock prices.

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