US stocks fall as Nvidia turmoil hits tech shares
In short
US stocks turned lower after turmoil at Nvidia set off a selloff in tech shares. The Nasdaq fell 1.42% and the S&P 500 ended nearly 1% lower.
A softer producer inflation report did not help much. Investors are still focused on interest rates and the AI trade.
What the reporting says
US stocks fell after Nvidia’s leadership turmoil sparked a broad technology selloff, with the Nasdaq down 1.42% and the S&P 500 nearly 1% lower. Softer-than-expected producer inflation did little to lift sentiment as investors weighed interest-rate expectations and the wider AI trade. The move hit technology shares most heavily and reversed earlier gains in the session.
Why it matters
US markets lost momentum after Nvidia leadership turmoil triggered selling across technology stocks. The Nasdaq fell 1.42% and the S&P 500 slipped nearly 1%, even though producer inflation came in softer than expected. The move matters because Nvidia sits at the center of the AI trade, and the selloff shows how quickly sentiment in tech can spill into broader equity markets.