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Why Nvidia Stock Dropped 4.5% Today

After starting off the new year with a healthy 2%-plus gain yesterday, Nvidia (NASDAQ: NVDA) stock took a turn for the worse this morning. You can probably thank ASML Holding (NASDAQ: ASML) for this slump. Yesterday, ASML, a manufacturer of machinery for the production of semiconductor chips that counts both Samsung and Taiwan Semiconductor Manufacturing Company (TSMC) among its customers, according to data from S&P Global Market Intelligence, reported that part of its factory in Berlin, Germany, caught fire on Sunday.

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