The tech-heavy Nasdaq is flirting with a triple-digit decline Monday, falling 1.1%, or 84 points, in morning trading.
That selloff is affecting cloud service providers, who, for the most part this year, have been outperforming the major indices.
Market darling Nvidia Corp. (NVDA) - Get Report is also struggling Monday, declining 2.55% to $245.56. At its year-to-date high six weeks ago, Nvidia was up more than 37% this year. The stock is still up 27% year to date.
Autodesk Inc. (ADSK) - Get Report shares are down 3.5% to $126.63 Monday, but the stock is up 25% year to date. Autodesk has had a more volatile year of trading than its peers, in spite of the significant gains it has made.