USA: Stocks Fall Amid Renewed Chipmakers Selloff.

US stock indices posted losses on Friday amid a renewed selloff in chipmakers. The S&P 500 lost about 0.5%, the Nasdaq fell over 1%, and the Dow was near flat. Chipmakers dragged the indices down in another rout triggered by the Nvidia leadership crisis. Beyond CEO Huang’s resignation over an alleged relationship with a suspected Chinese spy, Nvidia faces heightened regulatory scrutiny, including probes into whether US export restrictions were circumvented in sales to Chinese companies. Dip buyers remained cautious on the AI trade ahead of Nvidia’s earnings next week. Nvidia fell over 2%, Broadcom tumbled nearly 5%, AMD sank over 9%, and Micron lost nearly 4%. Cisco sank 6% despite raising its FY2027 guidance, while Applied Materials fell 4% despite record revenues. Meanwhile, fresh PPI data showed high energy prices raising factory costs in core sectors, reinforcing expectations for multiple Federal Reserve rate hikes this cycle.