A big drop on US markets was led by falls by Nvidia & Intel, so is the tech boom now over?

• ASX200: down 1.88% to 7,950
• AUD: 67.09 US cents
• GOLD: $2,511 USD/oz
• BITCOIN: $84,576 AUD

• US losses were led by US tech giants NVIDIA and Intel – which both fell just under 10%. 
• Coles shares fell 1.4% to $18.25, after saying its Vintage Cellars & First Choice brands are set to disappear
• Endeavour shares fell 2.8% to below $5 a share
• Iron ore producer Fortescue Metals tumbled 8.5%
• Can and glass bottle maker Orora surged more than 7% to $2.68 after it announced it was selling its North American packaging solutions business.
• Bega had a tasty day up 2% to $5.12, close to its 52 week high of $5.20
• And a potential Virgin-Qatar deal hasn’t put off Qantas shareholders, with the Flying Kangaroo up 0.6% to $6.78.