NVIDIA has such a huge market cap that it would affect every stock ETF or pension fund, not to mention the domino effects.
If a multi-millionaire loses 50% of their net worth, they are still a multi-millionaire. When normal people lose 50% of their net worth, they have real problems.
Not arguing for a bailout, but the "it mainly hurts rich people" argument is pretty weak, and may actually be backward.
Not bailing out absolutely primarily hurts rich people. This is trivial to ascertain from basic principles.
What you're doing is like being scared of flying on commercial airplanes yet being fine with pitbulls and rottweilers. This is normal due to human psychology, but reality says the opposite.