What just happened?
At 9:45 AM ET, the S&P 500 was trading nearly +1.5% higher and tech stocks were sharply higher.
At 10:40 AM ET, selling pressure began to intensify without any major headlines in one of the biggest reversals of the year.
Just 2 hours later, President Trump said Iran shot down a US helicopter "last night" and that the US must "respond to this attack."
This sent the S&P 500 to a new low of the day, down 240 points since 9:45 AM ET.
In just 3 hours, the S&P 500 has erased -$2.1 trillion in market cap.
Volatility is back.
On top: $NVDA CEO also called out Silicon Photonics (optical networking) with memory.
Stating that Nvidia would require “supply volumes beyond imagination”.
What a bullish read through on the SiPH supply chain from $SIVE (now upstream Nvidia ecosystem) to $SOI