US stocks fall as Nvidia drops 4.3%, dragging down AI shares
What's new: The Dow lost 189 points, while investors rotated into energy stocks as crude prices climbed.
US stocks closed lower Thursday after a slide in Nvidia offset gains in energy names and added to pressure across AI-linked shares. Nvidia fell 4.3%, after dropping nearly 12% earlier in the session, following the departure of CEO Jensen Huang. The Dow Jones Industrial Average lost 189.4 points, or 0.36%, to 52,297.09. The S&P 500 fell 26.98 points, or 0.35%, to 7,592.4, and the Nasdaq Composite dropped 100.1 points, or 0.39%, to 25,366.09. The Philadelphia Semiconductor index slipped 0.5%. AI cloud firm Nebius sank 16.8%, while CoreWeave fell 6.9%. Nvidia named Chief Financial Officer Colette Kress as interim CEO. Energy was the S&P 500's top-performing sector, up 1.5%, as crude prices rose.