At Thursday's close, the Dow Jones Industrial Average was unchanged, but the broad S&P 500 index and the technology-heavy Nasdaq Composite Index fell 0.5 and 1.2 percent, respectively.
Nvidia, the world's most valuable publicly traded company, released a report after Wall Street closed on Wednesday evening local time in Sweden. Nearly every line item beat expectations.
But it didn't help much when the market digested the report - Nvidia's stock fell 5.5 percent.
Other chip giants such as Broadcom, AMD, Applied Materials and Lam Research fell almost as much - as did contract manufacturer TSMC and hard-drive company Western Digital.
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