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Benzinga
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Nasdaq Falls 300 Points As Nvidia, Palantir Decline: Greed Index Remains In 'Extreme Fear' Zone

1. Nvidia declined over 3% amid overall market drop. 2. Fear & Greed Index indicates 'Extreme Fear' with a reading of 19.7. 3. Nasdaq Composite fell around 300 points on Tuesday. 4. Negative sentiment affects technology stocks, including NVDA. 5. Import prices rose by 0.4%, surpassing market expectations.

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FAQ

Why Bearish?

Nvidia's decline amidst a broader market downturn signals negative investor sentiment, similar to September 2022 when NVDA faced declines amid tech sector weakness.

How important is it?

The decline of NVDA shares in line with broader market trends highlights investor caution, impacting long-term valuation considerations.

Why Short Term?

Current market sentiment is likely to impact NVDA in the immediate future as investors’ fears may lead to further selling pressure.

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