![]() InvestorPlace’s Chris MacDonald recently discussed the beatdown major tech stocks received. In other words, they have a long way to fall before the alarm bells go off. If shares were trading at $150, that would be a different story. ![]() So it hasn’t been all that long since it last traded at current levels. The last time it was below it was in late October. NVDA stock is approaching the $230 level. And the Invesco QQQ Trust (NASDAQ: QQQ), which is a decent proxy for tech stocks, is 11.6% in the hole. The VanEck Vectors Semiconductor ETF (NASDAQ: SMH) - of which Nvidia is the second-largest position with a 9.5% weighting - is down 12% year to date.
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