AI stocks slide; Nvidia posts worst week in over a year as inflation cools

US equities closed lower on Friday, led by AI-related names, with Nvidia suffering its worst weekly decline in over a year following the ouster of its CEO amid personal misconduct. Cooling inflation data tempered fears of aggressive Fed rate hikes, providing some support. The divergence between AI-sector weakness and easing price pressures suggests rotation and rate-sensitive positioning.

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