$NVIDIA (NVDA.US)$ fell 10% Friday, a major one-day pullback that brought the stock down 14% in eight sessions. It is the largest one-day decline for the stock since Dec. 2022. The hot AI the sector pulled down the entire $Nasdaq Composite Index (.IXIC.US)$.

Semiconductors as a whole fell 6% Friday, continuing a week-long trend that has kept the entire market lower. No industry has held up the market like the semiconductor-powered AI boom, and no other sector can bring the entire market into the red with its downturn.

Within the sector,$Arm Holdings (ARM.US)$ fell a dramatic 16%, on a downtrend after,$ASML Holding (ASML.US)$, reported earnings.

The sector drop began Tuesday after ASML posted a billion less net income than in the previous quarter. The firm produces lithography machines that are essential for the production of chips. The market also expected net bookings of EUR5.10 billion for the firm's first quarter, but ASML reported EUR3.61.

The report pulled down investor expectations of the semiconductor companies further along the supply chain. $Micron Technology (MU.US)$ fell 4.6%, and $Advanced Micro Devices (AMD.US)$ fell 5.4%.

$Taiwan Semiconductor (TSM.US)$ fell about 3.4% after it too issued a lowered outlook for the chip market. $Super Micro Computer (SMCI.US)$ fell 23%, though not mentioned in Moomoos Semi sector, after the firm decided not to announce pre-earnings outlook as it usually does.