S&P 500, Dow Jones, Nasdaq tumble to worst weekly losses since March

Warren Buffett's Berkshire Hathaway reported solid earnings growth in the second quarter , while slashing its huge Apple stake.

Nvidia 's next-generation Blackwell AI chips reportedly will be delayed for months due to a design flaw.

Nvidia and other chip stocks suffered big or massive losses.

Warren Buffett sold almost half of his massive Apple stock stake amid buzz that he might pare holdings.

The market fear gauge topped the peaks in October 2023 and April 2024 .

Excessive fear can signal at least a short-term market bottom, but it doesn't have to happen right away.

Nvidia 's next-gen chip delay could have a significant impact on revenue in the coming months .

In any case, don't get excited by a strong market open or even a good day or two . The indexes and leading stocks need repair work, aside from some names in defensive sectors or defensive growth sectors. Spend some time reworking watchlists, which may be pared down after the past few days . Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors. YOU MIGHT ALSO LIKE:.