Nvidia closes down 4.3%, lowest close in seven months

The signal here is less about Nvidia's own business than about the tone it sets for risk appetite across tech-adjacent markets, including crypto and tokenized assets that have traded in sympathy with AI-linked equities. A seven-month low on a sharp single-session drop, with no stated catalyst, suggests positioning and sentiment rather than fresh fundamentals are driving the tape. Whether this is a one-off de-risking or the start of a sustained rotation is the open question; the absence of a clear driver makes the next few sessions more informative than this one.