Yahoo Finance: Nasdaq drops as Netflix slides 11%
U.S. stocks fell Friday as a deepening chipmaker sell-off dragged the Nasdaq lower and Netflix shares slid about 11%, according to Yahoo Finance live market coverage. AI valuation jitters and a soft streaming outlook put major indexes on track for weekly losses, with semiconductor gauges tumbling more than 3%.
Key Takeaways
- Yahoo Finance showed early Friday declines across the Dow, S&P 500, and Nasdaq as chip stocks led the sell-off.
- The PHLX Semiconductor Index fell more than 3% and entered a bear market, with Japan’s Nikkei also sharply lower.
- Netflix slid roughly 11%–12% after an in-line quarter and a third-quarter forecast that disappointed Wall Street.
- CNBC reported Applied Materials, Lam Research, Intel, Arm, Micron, and Nvidia among the chip names under pressure.
- Broader AI-stock selling continued globally while investors weighed energy-market and spending risks.
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What is Yahoo Finance showing in Friday’s live updates?
According to Yahoo Finance’s Friday live blog, U.S. equities declined as semiconductors kept dragging markets lower, putting major indexes on track for weekly losses.
In early trading figures highlighted there, the S&P 500 was down about 1.15%, the Nasdaq Composite about 1.86%, and the Dow about 0.86%. Netflix was shown down roughly 11.3%.
CNBC’s market wrap painted a similar picture, citing a Nasdaq drop near 1.8%, a Dow slip of about 519 points (1%), and an S&P 500 loss of about 1.2% as AI-spending jitters hit tech.
Why are chipmakers intensifying the sell-off?
Yahoo Finance said chip stocks, tracked by the PHLX Semiconductor Index, tumbled more than 3% Friday and entered a bear market after Asian equities weakened, including a roughly 4% fall in Japan’s Nikkei 225.
The outlet noted that the tech-driven rally from March lows has stalled as investors reassess companies’ spending on artificial intelligence. That caution is clouding optimism around the AI trade.
CNBC reported the iShares Semiconductor ETF and VanEck Semiconductor ETF both down more than 3%. Applied Materials and Lam Research fell around 5%, while Intel, KLA, and Arm were about 4% lower; Micron lost more than 2% and Nvidia more than 3%.
AP coverage carried by LancasterOnline described a deepening global AI-stock sell-off, with investors worried that chip and AI winners became too expensive if demand and profits prove less durable than hoped. Oil prices have also stayed elevated amid supply risks tied to the Middle East, adding another macro stress point.
Why did Netflix shares slide about 11%?
Yahoo Finance said Netflix fell about 12% in the first minutes of trading after its third-quarter revenue forecast disappointed, as the streamer navigates a “dynamic and competitive” entertainment landscape.
CNBC reported Netflix down more than 10% Friday after second-quarter results that were roughly in line: 80 cents per share on $12.56 billion in revenue, versus LSEG expectations of 79 cents and $12.59 billion. The disappointing earnings forecast, not the print itself, drove the reaction.
Netflix also said it would cut how often it releases “What We Watched” engagement reports, shifting investor focus back to financial metrics. The move landed alongside the broader chip and AI sell-off, amplifying Friday’s risk-off tone for growth and media names.