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A bearish options trade that wins if Nvidia and the QQQs continue to cool off

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NVIDIA Corp,Personal Finance,Markets

Nishant Pant with a way to profit from the pullback in key chip stocks this week.

Nvidia is finally showing signs of profit-taking, suggesting that the entire technology sector might be ready for a breather. This could present many bearish trading setups in various stocks because of the influence Nvidia has had leading the AI bubble. For now, let's focus on making a bearish trade in the Invesco QQQ Trust , an ETF that tracks the Nasdaq 100 index. After hitting an all-time high, QQQ is getting rejected at $486.

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