The Nasdaq lost 4.18% and closed at 25,709.43 for its biggest drop going back to April 2025. The S&P 500 dropped 2.64% and ended at 7,383.74, while the Dow Jones Industrial Average lost 695.15 points, or 1.35%, settling at 50,866.78. The blue-chip index closed at a record Thursday.

By Wayne Cole SYDNEY, June 9 (Reuters) - Asian stock markets rallied on Tuesday and oil prices fell back after Israel and Iran said they would halt attacks on each other for now, while ever-hopeful investors bought the latest dip in semiconductor stocks.

The artificial intelligence infrastructure boom just hit some turbulence.

Shares of the chip maker jumped around 4% premarket after surging nearly 10% on Monday. The advances came after S&P Dow Jones Indices said it would include the company in the S&P 500 index later this month.

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) shares have drawn renewed investor attention following the company’s May report, with the chipmaker positioned at the center of an accelerating AI infrastructure cycle that has lifted both order flow and capital returns.

Memory stocks have been skyrocketing this year due to insatiable demand for their products.

AI Chipmaker Gets 'Buy' Ratings from Analysts

Friday’s session broke a nine-week winning streak in the NASDAQ 100, with the index plunging hard enough to make investors wonder whether the AI-led rally in names like NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and Microsoft (NASDAQ:MSFT) had finally rolled over.

Asian shares are mixed, with tech shares leading gains after Wall Street recovered some of its sell-off from last week

This particular company offers investors safety and potential for explosive growth.