Nasdaq Falls on AI Spending Worries. Big Tech Earnings Could Put Fears to Rest.

The Nasdaq pulled back from yesterday’s record close because a new headline had Wall Street worried about AI just one day before some of the biggest spenders are set to share quarterly results. The Dow dropped 31 points, or 0. 1%.

The iShares Semiconductor ETF fell for the second time in April after a Wall Street Journal report said OpenAI missed revenue and user targets.