Semiconductor stocks pulled the Nasdaq lower to start the week, setting a jittery tone ahead of what Wall Street is treating as Nvidia's marquee stretch on the calendar.
According to Yahoo Finance and The Motley Fool, the Nasdaq slipped as Micron fell 6%, a drop that landed right as attention turned to Nvidia. A separate market wrap carried by MSN reported that both the S&P 500 and the Nasdaq fell as chip stocks slid and Nvidia dropped, while the Dow rose and Treasury yields eased. That same report pointed to President Trump's Canada tariffs as a drag on market sentiment.
The picture for Nvidia itself is not one-directional. Invezz reported that Nvidia stock was rebounding 2% after a seven-day losing streak — its longest since 2022 — during which shares fell 7.5%. Invezz also noted that the recent weakness highlighted the stock's underperformance relative to peers.
Taken together, the sources describe a market where the chip sector is doing most of the moving. Because the Nasdaq is heavily weighted toward technology, a bad day for a handful of large semiconductor names can push the whole index into the red even when other parts of the market, like the Dow, are climbing. Micron's 6% fall matters beyond Micron: memory chips are a core input for the AI hardware that has powered much of the recent rally, so investors often read a slide there as a signal about demand further down the chain.
It matters because the chip sector has become the market's main engine, and when it stumbles the losses show up in the retirement accounts and index funds of people who never bought a single semiconductor stock.