美国 Market Holiday Musings NVDA dropped from 199 to 192.53 this week, falling 3.25% in just one day on Friday. It spent two weeks hovering around the 200 level, but broke through it Friday afternoon. Semiconductors saw an overall outflow of funds. SOXX fell 1.92% this week, SMH dropped 1.18%, and tech stock ETFs were all net sold. Money is shifting toward gold and defensive sectors—gold prices rose 1.63% this week to 4096. As for NVDA, the 192 area is the low point from early June. After breaking below 200, the next meaningful support is around 185-188, which was the starting point of the rebound in late May. The 200 level has now turned into resistance, and getting back above it will require a solid catalyst. Biggest lesson of the week: when an entire sector is being sold off, don’t get emotionally attached to individual stocks. NVDA’s fundamentals are fine, but when market sentiment shifts, you have to accept it. I think this semiconductor pullback isn’t over yet. But there’s no need to panic—SPY only dropped 0.58%, so the broader market hasn’t collapsed. For now, it’s about waiting for a signal that the sector has stabilized—no rush to catch the bottom.