US stock markets dipped on Thursday, mostly because NVIDIA shares plunged nearly 12% after reports about NVIDIA's leadership.
Even though retail investors jumped in with a record $111 million buy early on, it wasn't enough to keep the stock from sliding.
The tech selloff ended up overshadowing some wins in the energy sector.
Major indexes slip as energy rises
The S&P 500, the Nasdaq, and the Dow all closed slightly lower, with the S&P 500 dropping 0.34%, the Nasdaq 0.40%, and the Dow 0.36%.
On the flip side, energy stocks actually climbed about 2%, thanks to rising oil prices after President Trump made fresh comments about U.S.-Iran relations.
Meanwhile, other big tech names like Broadcom and Amazon helped steady things a bit despite the overall volatility sparked by NVIDIA's leadership news and sweeping Democratic victories in the US midterm elections that fueled concerns about tighter AI regulation.