$NVDA was quoted at 224.31 on Binance Futures, down 2.75% for the day, with 24-hour trading volume at $172 million. The latest news from Wall Street is that Nvidia has made a move called Reflection, which may not sit well with customers and has dragged the AI sector down overall. Among the same group, Micron fell 6.45% and Applied Materials fell 3.68%. My view is that if there’s no material change in customer orders going forward, this is just a sentiment-driven sell-off, and as long as futures volume holds up, there’s room for a recovery. But if this move really affects major customers’ purchasing schedules, then this downturn may only just be getting started.

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