AI Stocks Sell Off as Investors Take Profits From Sector Leaders
NVIDIA, Dell, and Oracle shares fell sharply on August 29, capping a volatile week despite strong earnings and positive guidance from hardware makers.
The artificial intelligence sector's month-long rally hit a wall on Friday, August 29, 2025, as a broad-based sell-off saw investors take profits from the year's top-performing stocks. The sharp reversal, which hit industry leaders like NVIDIA and Dell Technologies, came despite a week of strong earnings reports, signaling growing investor anxiety over sky-high valuations.
A Broad-Based Reversal
The Nasdaq Composite fell approximately 1.2% on August 29, while the S&P 500 dropped 0.6%. The declines were led by the very companies that have powered the 2025 market rally. - NVIDIA (NVDA) fell 3.4%, marking its third consecutive day of declines …
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