Tech Stocks Slide as Nasdaq Posts Biggest Drop Since June
Tech stocks had a rough Friday, with the Nasdaq composite posting its biggest drop since June. Chipmaker Intel and social media firm Reddit fell 29%, while Sandisk, a memory chipmaker that has gained from AI spending, also dropped. The sell-off is a fresh test of this year's tech rally.
Quick glossaryIntel, Nasdaq composite
- Intel
- A US chipmaker best known for making processors used in many laptops and desktop computers.
- Nasdaq composite
- A US stock index that tracks the share prices of many technology and other companies listed on the Nasdaq exchange.
Burning Potato score: 56%