Palantir, NVDA and Tesla Stock Help Drag Nasdaq Down

Today’s trading session concluded with a significant downturn across major stock indices, marking a disappointing day for investors. The NASDAQ index experienced its most substantial drop since January 27, which has been referred to as “DeepSeek Day.” Currently, the NASDAQ is 7.5% lower from the highs above $20,000 points. Nvidia’s shares specifically took a significant hit, falling more than 11% today, marking its steepest decline since the DeepSeek statement, which was released just a day after the company posted better-than-anticipated earnings.

In addition to Nvidia, several other high-profile stocks also faced losses. Amazon experienced a decline of 2.6%, while Microsoft fell by 1.8%. Meta (formerly Facebook) saw a decrease of 2.3%, while Palantir’s stock plunged by 5.10%.

Turning to Tesla, the stock is trading just under three dollars away from its 200-day moving average, closing the day at $282.06, after experiencing a decline of around 3% today. The last time Tesla’s stock price was trading at this level was in the first week of November, when it managed to bounce and open with a major bullish gap after Donald Trump’s victory. Compared to its peak in the middle of December, when it reached $488, Tesla’s stock is now down by more than 40%, reflecting the heightened volatility and challenges within the market.

Palantir Stock Chart Daily – Sellers Will Face the 50 SMA

This confluence of factors indicates a prevailing uncertainty among investors, with major tech stocks leading the decline, and suggests that further scrutiny of market conditions and corporate performance will likely be necessary in the coming days.