Key insights
- Several artificial intelligence-related stocks, including Nvidia and AMD, experienced declines on Friday. Nvidia continued its slump, heading for its worst weekly performance since January 2025. AMD also slid in afternoon trading. Cisco Systems fell despite reporting earnings and forward guidance that exceeded analyst expectations.
Selling resumed in a swath of artificial intelligence names on Friday, with Advanced Micro Devices, CoreWeave and Dell Technologies skidding in afternoon trading.
Cisco Systems also fell, even as top- and bottom-line results delivered late Thursday surpassed estimates and projections for the current quarter came in ahead of expectations.
Nvidia continued its slump to cap a rocky week for the dominant maker of chips for use in artificial intelligence. Shares are on pace for their worst weekly performance since January 2025.