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Nvidia falls more than 5% as chip stocks hammered again

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Chip Stocks,Arm Holdings,Intel

Nvidia stock leads a drop in chip stocks again as one of the year's hottest trades comes under heavy pressure on Friday.

Chip stocks have been at the center of recent market weakness, and news from Nvidia and Intel on Friday did not help the cause., as the company also announced a $10 billion cost reduction plan, which includes cutting 15% of its workforce, while also suspending its dividend.The Information on Friday

Chip stocks are on track to close out the week in red territory. Nvidia shares are down 10% year-to-date.Our daily routines, such as what we eat and what we do during the day, can affect how we sleep at night. registered nutritionist Sophie Bertrand explains, "Sleep is considered one of the most important foundations to health and research continues to demonstrate its importance and links to different areas of short-term and long-term health.

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