Shocking stat of the day:
On Friday, Nvidia, $NVDA, fell by 10% and posted its biggest daily decline since March 2020.
Nvidia erased ~$212 billion in market cap which marked the SECOND worst daily loss in history.
Only Meta, $META, has seen a larger daily decline when its market cap plunged by $232 billion in February 2022.
Meanwhile, the Magnificent 7 broke below their 50-day moving average for the first time since October 2023.
This week, four Magnificent 7 companies will report earnings: Microsoft, Google, Meta, and Tesla.
Buckle up.
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