AI Trade Fears: Nvidia's $200B Wipeout Sparks Tech Rout

Nvidia's 10% drop on Friday, the largest since March 2020, raises concerns about the AI trade unraveling. The tech giant's decline wiped out approximately $200 billion in market value, leading to a broader tech sell-off.
Super Micro's 23% crash and decision to delay pre-announcing third-quarter results added to market unease, signaling potential challenges ahead. Netflix also saw a decline following a lackluster forecast, contributing to the day's tech wreck.
With geopolitical tensions in the Middle East and uncertainty about interest rates, investors may face a restless weekend as they assess the implications of the recent market turmoil.