$NVIDIA Corp(NVDA)$ $Alphabet(GOOG)$ The catalyst was bad earnings in a few large companies.Google and Tesla both had bad earnings. Tesla was pretty bad and they got hammered. The numbers in Google werent terrible but in the earnings call, they basically said they believe in AI in the long run, but in the short term, its predominantly a large cost, not a money maker. This resulted in Google getting sold down 7% or so. People then sell NVDA as they are the biggest AI stock. NVDA was already on shaky footing after they seriously tested the 118 support level on Friday, only to catch a bid at the end of the day to close above. Early on NVDA broke 118 support and then slammed down through the 115 support at the end of the day. This generally dragged down the nasdaq as people sold all tech and s&p500 dropped with it.
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