Shares of Nvidia Corp (NVDA) fell by 4% amid a broader downturn in the semiconductor sector, which saw significant put options activity. Other semiconductor stocks also experienced declines, with Advanced Micro Devices (AMD) and Broadcom Inc (AVGO) among those affected. The stock prices for Marvell Technology (MRVL) and Super Micro Computer Inc (SMCI) dropped by 5% and 9%, respectively. The volatility index (VIX) rose as investors reacted to the market's performance, suggesting increased uncertainty in the sector. The trend of put buying, particularly in semiconductor stocks, has been noted as a key factor influencing market sentiment this morning.
$NVDA - NVIDIA SHARES FALL 4%
$NVDA $ARM Semis taking down market this morning 17 VIX Bounce $QQQ short this morning Live guidance @TENETTRADEGROUP https://t.co/jiZoQlySQ7
Story of the morning put buyers clobbering anything semiconductor related $NVDA $SMCI $AVGO $NBIS $AMD