U.S. Stocks Mixed on Nvidia Fallout Fears

Dow Jones11-14 05:24

U.S. stocks were mixed as rate fears resurfaced and tumult at Nvidia spilled into the wider semiconductor sector, dragging down technology indexes.

The selling extended to chip makers such as Advanced Micro Devices that had appeared to benefit from rival Nvidia's deepening scandal, as investors weighed the implications of Jensen Huang's chaotic exit for the artificial-intelligence boom.

The Dow Jones Industrial Average gained 50.46 points, or 0.10%, to 52347.55. Meanwhile, the broad S&P 500 slipped 30.73 points, or 0.40%, to 7561.67 and the tech-heavy Nasdaq Composite fell 229.82 points, or 0.91%, to 25136.27.

Shares of Nvidia tumbled 13% this week, their steepest weekly drop since April 2025, when President Trump's sweeping tariff announcements rattled global investors. The rout wiped off $573 billion from the company.

The selloff also extended to other chipmakers on Friday. The PHLX Semiconductor index, which includes Nvidia rivals like AMD and Broadcom, fell 3.4% on the day, though it still logged a weekly gain of 8%. Shares of AMD slid 8.8% Friday, erasing $84 billion off its market value.

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