Nasdaq falls as Intel and Reddit sink sharply
In short
The Nasdaq composite dropped on Friday, its biggest fall since June. Intel fell 29%, Reddit also declined, and Sandisk dropped 13%.
This matters because it showed pressure on this year's tech rally and on AI-linked stocks. The summary does not say what caused the selloff beyond that test of the rally.
What the reporting says
The Nasdaq composite fell on Friday in its biggest decline since June, with Intel down 29% and Reddit lower as Sandisk dropped 13% amid pressure on AI-related stocks. The publisher-supplied summary links the move to a fresh test of this year's technology rally, but it does not give a full market-wide reason. The immediate consequence is a broad setback for chip and AI stalwarts.
Why it matters
The summary says Friday's drop in the Nasdaq composite was the biggest since June and that Intel fell 29% while Sandisk dropped 13%. Reddit also declined. The move hit chipmakers and other AI-linked names, but the reporting does not give a more specific trigger for the selloff.