The Nasdaq Composite fell more than 3% last week. Tech stocks in particular were under pressure with the Technology Select Sector SPDR (NYSE: XLK) down 4.2% NVIDIA may have fallen 7.1%, but other semiconductor stocks also fell. Broadcom ( Nasdaq: AVGO) fell 5.5% while AMD ( Nasdaq: AMD) plunged 8.8%. The biggest news among this group of companies at the forefront of producing AI accelerators was AMD's earnings.