Nvidia stock was falling as the chip maker pushed back against a last-minute rush by the Biden administration to issue new regulations over artificial-intelligence technology. The has made an explicit appeal to President-elect Donald Trump to reject such policies.

The Biden administration's proposal would put more pressure on companies like Nvidia to crack down on where resellers ultimately send their chips.

Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.

Nvidia still has the stock-boosting power, but its strength may be waning as some investors wonder how long it will last.

Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.

Bull markets often carry with them great expectations about future growth. Sometimes those expectations by the investing masses are too lofty given fresh incoming realities. I fancy that is the case today as we get ready to enter a firehose of news over the next month that could inject renewed volatility into markets.

Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia ... after the Federal Reserve back rate-cut ...

The case for the additional Federal Reserve rate cuts has been weakened by Friday's strong jobs report, said Matt Rowe, head of portfolio management and cross-asset strategies at Nomura Capital Management,

Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.

Wall St rallies as Intel, Nvidia, and SLB lead gains. Banks surge 6%, while Truist climbs on strong profits. Investors eye Trump’s policy outlook.

The major indexes added to strong weekly gains. Tesla and AI chipmakers such as Nvidia and Arm are testing key levels.

The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.