Competitor Broadcom, on the other hand, rose after reporting higher profit and sales than analysts had expected. CEO Hock Tan also said that the company's customers continue to invest in Broadcom's AI circuits and that sales of them are expected to increase. The stock soared 9.4 percent.
Tesla rose 3.6 percent after the electric car manufacturer's board proposed a new bonus plan for CEO Elon Musk, a compensation package that could give him $1,000 billion if certain financial targets are met within ten years.
Weapons manufacturer Smith & Wesson also climbed, up 6.5 percent, despite the company reporting a loss in the previous quarter. The result was, however, better than expected.
The broad S&P 500 index fell 0.3 percent and the Dow Jones industrial index lost 0.5 percent, while Nasdaq's technology-heavy composite index closed unchanged.
For the entire past week, the S&P 500 fell 0.3 percent and the Dow Jones 0.5 percent. Nasdaq, on the other hand, rose 0.3 percent.
