The Nasdaq ($QQQ) and NDX recently experienced their largest intraday moves in three years, with the $QQQ falling 5.3% intraday amid high retail activity and market jitters. Despite strong earnings, $NVDA has struggled to find a bid, while $MRVL gained $100B in value within a week. The author maintains a positive long-term thesis on AI and the Mag 7, suggesting that while short-term dip buying may be painful due to volatility, long-term investors will be rewarded as earnings growth remains strong.