What do you understand by ‘nihilistic phase’ in reference to Buddhism.

Kindly elaborate the meaning of the keyword "nihilistic phase" in the context of Buddhism.
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"In this stage, Buddhists reject the existence of mind and matter, but accept the concept ‘sunya’ which is known as ‘shunyata’. It is understood as things are dependent. So everything is related and there is nothing absolutely real. It is the view of Mādhyamika School. Source:"
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