The Nasdaq finished lower on Friday, pressured by an ongoing slide in shares of artificial intelligence bellwether Nvidia. Despite the end-of-week pullback across the tech sector, major U.S. stock market averages managed to secure gains for the week overall as investors monitored unfolding developments.
Market attention centered heavily on Nvidia following reports highlighting potential regulatory hurdles and executive departures impacting billions of dollars in Chinese AI projects reliant on the chipmaker's technology. While the broader tech sell-off dragged down the Nasdaq, competitors such as AMD and Broadcom saw gains as traders anticipated potential shifts in market share.
Despite Friday's downward pressure, major Wall Street indexes maintained positive weekly trajectories as participants evaluated ongoing stock market conditions and corporate sector updates.
