Nasdaq 100 falls 6.24% intraday... heavy selling concentrated in AI and semiconductor stocks

The Nasdaq-100 fell as much as 6.24% intraday on the 5th, with selling concentrated in AI, semiconductor, and data-center-related stocks, according to Bloomberg and AP. The 6.24% figure is an intraday level, not a closing decline, and the Nasdaq-100 is a separate index from the Nasdaq Composite, which AP reported was down 5% at 11 a.m. ET. The Dow Jones Industrial Average fell 2.1% at the same time, while AP cited a 3.2% drop for the S&P 500 without specifying the timestamp. Individual stock losses were steeper than the index moves. The breadth of the selloff across AI and chip names matters because it signals a concentrated unwind in the market's biggest growth trade. What to watch next is whether these intraday losses hold into the close and whether the selling spreads beyond AI and semiconductor names.