$NVIDIA(NVDA.US) The recent tool release/upgrade from Anthropic has triggered "displacement anxiety." The market has been repricing one idea over the past two days: will AI (especially agent/automation tools) directly eat into the business models of some software/data/professional services companies? That's why AI software stocks got hit first, dragging down big tech with it. This was especially true combined with AMD's earnings guidance, which didn't satisfy the market—AMD plunged 17% yesterday, its biggest single-day drop since 2017.

Add delayed rate cut expectations and U.S.-Iran tensions to the mix, and you have a series of negatives creating intense sell-off sentiment. Given all this, the fact that Nvidia has only fallen this much shows that when the tide goes out, companies with strong fundamentals hold steadier.

However, Nvidia has broken below several support levels from $190, and a downtrend is almost forming. It all depends on whether the strong support at $170 holds. If $170 is genuinely broken, it could fall to much lower levels. It's now in my key accumulation zone; let's see how much opportunity the market gives. Not investment advice.