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Shares in NVIDIA (NVDA) got beaten up again yesterday. The stock fell more than 7% at one stage, adding to the more than 4% fall the day before. It later closed 5.47% lower, at $168.89. Meantime, yet more revelations have emerged about who knew what and when and that has been added by rising concerns, that the CEO may have to leave the company and we should note just how integral he has been to the success of this firm.
That said, the grey market price has been on the rebound so far today and implied an opening above $177 not so long ago. As to whether the stock does open that remains to be seen. There can be little doubt that this has also helped the opening call for the Nasdaq 100 this afternoon, which has been as high as 28,230 this morning. It will be interesting to see, if NVDA does open as high as currently suggested and then whether or not sellers step into the rally
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