NVDA is trading at $173.00 (-3.18%) as escalating Middle East tensions and surging oil prices trigger a broad sell-off in the technology sector.
- The decline aligns with sharp drops in major indices, including the NASDAQ Composite down 1.87% and S&P 500 down 1.33%, following Iran's rejection of a US peace proposal.
- Geopolitical fears and threats to energy infrastructure are weighing heavily on tech stocks, overshadowing unrelated positive news regarding the Reflection AI funding round.
- No company-specific news, such as earnings or major announcements, explains the move.