This market will resolve to "Yes" if, at any time after the creation of this market and before January 1, 2027 - 00:00 UTC, the USD traded price of common shares for any one of the following companies — NVIDIA (NVDA), Apple (AAPL), Alphabet (GOOGL/GOOG), Microsoft (MSFT), or Amazon (AMZN) — falls to or below 50% of that company's all-time-high (ATH) price.

Otherwise this market will resolve to "No."

For the purposes of this market:

• "Falls to or below 50% of ATH" means a last-sale traded price (during regular U.S. market hours, 09:30–16:00 ET) that is less than or equal to 50.0% of the ATH as defined below.

• "ATH" means the highest split-adjusted intraday trade price for the company's common equity recorded on a major U.S. exchange up to the moment immediately before the price drop; prices will be adjusted for stock splits, reverse splits, and similar corporate actions so comparisons are on a like-for-like basis.

• Prices will be measured using official exchange trade records or, if necessary, a consensus of reputable price data providers (see sources).

• Only price movements that occur after the creation/deployment of this market are eligible for resolution; any qualifying price level reached before market creation does not count.