Tech stocks tumble Friday, AI shares lead the way

Keywords

tech stocksartificial intelligenceNVDAAAPL

Open a keyword to see other news on the same topic.

Related tickers and likely impact

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

• Tech stocks tumble Friday , AI shares lead the wayfloridastatesman.com·16/10, 23:15▼ NVDA▼ QQQ▼ AAPL▼ GOOGLtech stocksartificial intelligenceNVDA
• Nasdaq 100 Records Worst Week In 18 Months As Investors Steer Clear Of Chipmakers — AAPL, MSTR, UBER, SOXX In Focus

  The Nasdaq 100 fell 2.5% on Friday, its worst week in over a year and a half, while the S&P 500 dropped 1.1% and the Dow Jones Industrial Average slipped 0.3%. Chip stocks led the decline, with semiconductor ETFs down 3% to 4% and Micron (MU), Nvidia (NVDA) and Broadcom (AVGO) among the weakest names. Investor anxiety grew over the heavy spending and debt tech firms are taking on to fund AI expansion, with CoreWeave shares falling almost 12% on the day and 25% on the week as its debt load topped $51 billion. An Angeles executive said current debt levels remain far from systemic danger, while Nvidia's Jensen Huang argued the AI benefits will outweigh investor concerns. Elsewhere, Apple (AAPL) is preparing to fight U.K. antitrust regulators over tap-to-pay rules, Strategy (MSTR) fell after MSCI's new index screening approach put its membership at risk, and ExxonMobil (XOM) said higher refining margins could add about $4.5 billion to third-quarter results versus the prior quarter.

  Yahoo Finance·16/10, 22:15▼ QQQ▼ AAPL▼ SPY▼ NVDANasdaqtech stocksNVDA
• Update: Nasdaq Falls to End Four-Week Winning Streak Amid Tech Sell-OffYahoo Finance·16/10, 20:54▼ QQQ▼ MSFT▼ NVDA▼ SPYNasdaqtech stocksNVDA
• Apple Hit a Record Close Ahead of Its November 2 Report. Here’s What Charging for Extra Siri AI Could Mean for the Stock

  Apple closed at a record $343.46 on October 16, the same day iPhone Duo preorders sold out within minutes. The article says the less-noticed story is a planned fee for heavy Siri AI users: Apple has set out daily usage limits and said extra access will be 'available for a fee,' but has not priced it. Apple says users make more than 2.5 billion Siri requests a day, and the cap would fall mainly on cloud requests that Apple pays to serve, since on-device requests run on hardware customers already own. Meanwhile, iPhone revenue rose 22% in the June quarter, but Nikkei Asia reported that Apple cut October component orders for the iPhone 18 Pro by at least 15%, and IDC estimates Q3 2026 iPhone shipments fell 4%. Analysts expect December-quarter guidance of around $154 billion, about 7% growth, at the November 2 report.

  Yahoo Finance·17/10, 14:48▲ AAPLAAPLartificial intelligencetech stocks
• Tech stocks tumble Friday , AI shares lead the waynepalnational.com·16/10, 21:30▼ NVDA▼ QQQ▼ SPY▼ GOOGLtech stocksartificial intelligenceNasdaq
• Tech stocks tumble Friday , AI shares lead the waysierraleonetimes.com·16/10, 19:45▼ NVDA▼ QQQ▼ SPY▼ AAPLtech stocksartificial intelligenceNVDA

Related markets

US stocks →

Latest news

• FinFET Technology - Global Strategic Business Report Just Released: AI and Data Centers Push FinFET Chip Market Toward $97 Billion

  According to Research and Markets, the global FinFET technology market was valued at $38.5 billion in 2024 and is projected to reach $97.1 billion by 2030, growing at a compound annual growth rate of 16.7%. Demand for high-performance, energy-efficient chips across consumer electronics, data centers, automotive, AI and IoT is driving growth. The CPU segment is forecast to reach $36.6 billion by 2030, while China is the fastest-growing market, with an 18% CAGR and $20.8 billion by 2030. The report also assesses the impact of tariffs on semiconductor supply chains and profiles companies including TSMC, Samsung, Intel and NVIDIA.

  Yahoo Finance·20/10, 08:35semiconductorsartificial intelligencedata centers
• The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”

  French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.

  CafeF·20/10, 08:31▼ EUR/USD▲ DXY▲ XAU/USDbondsFranceprotests
• President Donald Trump Claims, "We Don't Have Inflation, and Tariffs Don't Cause Inflation," but a New Report Strongly Disagrees

  Although the stock market has posted strong returns under President Trump, the article argues his inflation-driving policies may be the biggest threat to the AI-driven bull market. A New York Federal Reserve report by three economists finds that by February 2026, tariffs had added 2.9 percentage points to goods price inflation, and each percentage point increase in average tariffs lifted consumer prices by about a quarter of a point after one year. Beyond tariffs, the Iran war and the ongoing closure of the Strait of Hormuz have pushed fuel prices sharply higher, with fuel oil up 74.0% and gasoline up 34.2% over the past year, while overall CPI rose 3.7%. The article warns that persistent inflation could prompt the Fed to raise rates more aggressively, slowing AI infrastructure investment and sending stocks lower.

  Yahoo Finance·20/10, 08:26▲ DXY• SPY• XAU/USDinflationtariffsDonald Trump
• Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock

  U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.

  CoinDesk·20/10, 08:24▲ BTC/USDTbitcoinETFcapital flows
• A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon

  VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.

  CafeF·20/10, 08:22• BID• CTG• VCBinterest ratesbanksState Bank of Vietnam
• IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?

  The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.

  Yahoo Finance·20/10, 08:20ETFS&P 500IVV