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Lessons from Nvidia’s $350B Wipeout

Hey, Ross here:

Let’s look at what’s going on with the #1 stock everyone’s paying attention to today – Nvidia.

Chart of the Day

This is how NVDA has moved for the past five days.

Even accounting for yesterday’s nearly 7% recovery – the stock is still down 10% from its intraday peak last Thursday.

That’s about $350 billion in market value wiped out in just a few days.

Now, I’m not saying NVDA will crash. With the amount of attention the stock is getting, we may see buyers step in to buy the dip.

But I also wouldn’t be surprised if the stock starts losing some of its dominance – and you shouldn’t be either.

Plus, as I explain in the Insight of the Day, it might actually be a good thing.

Insight of the Day

Sector rotations are what keep a bull market going.

What most traders don’t understand is that in a long bull market, it’s unlikely for the same sector to maintain leadership the entire time.

Sectors rotate leadership, and this rotation – just like healthy pullbacks – is necessary to keep a bull market going.

The mistake most traders make is confusing a rotation for a rout.

Which causes them to miss out on the opportunities that always come with a rotation.

Sure, Nvidia may be falling – but other sectors are rising.

In fact, even within the broader AI sector, we may be seeing a rotation.

Even if Nvidia plunges, it doesn’t mean it’ll take the entire AI sector along with it.

Instead, I believe it will cause a new class of AI stocks to rise…

And I explain what these specific class of stocks are in this video here.

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

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It has to do with a fast-moving “backdoor” that has opened in the AI market... A backdoor that could send a very special class of AI stocks rocketing into the stratosphere.

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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