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Don’t Blame Crypto: Nvidia’s Collapsing Stock Could Kill Nasdaq’s Winning Streak

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The Nasdaq Composite Index is on the verge of breaking out of its bear market. With a rebound of 12.9% since the infamous Christmas Eve massacre, tech stocks are on fire. But the winning streak could be halted by Nvidia’s earnings report tonight. Chipmaker Nvidia sent an unprecedented early warning to investors last month, bracing them for disappointing revenue figures. It slashed revenue expectations from $2.7 billion to just $2.2 billion. Nvidia’s stock price plunged 14% in response. If the numbers come in even lower tonight, it could kill the Nasdaq’s momentum. Poor forecasts at Nvidia have rattled the Nasdaq

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* First published on ccn.com

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