US stocks opened sharply lower on Friday as a fresh wave of selling in technology shares extended the AI-driven market rout.
The tech-heavy Nasdaq Composite fell 1.3% to 25,035.70 in early trading, weighed down by renewed pressure on major artificial intelligence and semiconductor stocks.
The broader S&P 500 dropped 0.8% to 7,301.35, while the Dow Jones Industrial Average was down 0.4% at 51,722.12.
The latest declines follow a volatile week for technology stocks, with investors reassessing lofty valuations after recent warnings that enthusiasm surrounding artificial intelligence may have outpaced underlying fundamentals.
Despite continued strong demand for AI infrastructure, the sector has come under pressure as investors lock in profits following an extended rally that pushed many leading technology stocks to record highs.
