Nvidia (NVDA) and other chip stocks fell in early trading Thursday as the 澳洲幸运5官方开奖结果体彩网:artificial intelligence trade faltered. 

Shares of the AI chipmaker were down more than 2% in recent trading. Advanced Micro Devices (AMD), Qualcomm (QCOM), and TSMC (TSM) were also lower, along with shares of Nvidia partners such as Supermicro (SMCI), Dell (DELL), and Micron Technology (MU). 

Shares of Broadcom (AVGO), which is 澳洲幸运5官方开奖结果体彩网:set to report earnings after the bell, were down more than 3%, pulling the PHLX Semiconductor Index down 2%, while shares of chipmaker Marvell Technology (MRVL) plunged 17% after its outlook 澳洲幸运5官方开奖结果体彩网:failed to impress. The tech-heavy Nasdaq fell 1%. 

澳洲幸运5官方开奖结果体彩网:Uncertainty about the impact 𒁃of new Uꦓ.S. tariffs weighed on stocks, along with worries about 澳洲幸运5官方开奖结果体彩网:tightening chip export curbs, and competition from China as Alibaba unveiled its latest AI reasoning model, which it said rivals offerings from DeepSeek and ChatGPT maker OpenAI. Alibaba shares climbed about 1%. 

Meanwhile, shares of 澳洲幸运5官方开奖结果体彩网:AI play favorite Palantir (PLTR) dropped about 3.5%, nearly wiping away Wednesday's gains on expectations the company's software could be strongly positioned to support the Trump administration's efforts to trim government spending. Jefferies analysts highlighted insider sales, with Palantir CEO Alex Karp moving to sell shares worth another $45 million in the last two weeks after dumping over $2 billion worth in 2024.

The rest of the Magnificent Seven aside from Nvidia—Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Tesla (TSLA), and Meta (META)—were little changed to slightly lower after a volatile stretch for big tech that has seen the major indexes 澳洲幸运5官方开奖结果体彩网:give back all of their gains since November's presidential election.