The Nasdaq Composite saw a significant drop as AI and Big Tech stocks took a hit, with the index falling 1.2%. The S&P 500 also fell 0.7%, despite most stocks trading higher. The Dow fell 0.2%, led by Caterpillar and Nvidia. The iShares Semiconductor ETF dropped 2.9%, while the Roundhill Magnificent Seven ETF fell 1.5%.

Read more at Dow Jones & Company.: Nasdaq Slides. Why AI Stocks Are Falling Again.