The Nasdaq 100 Index fell more than 2%, with AppLovin, AMD, and others dropping over 5%, and NVIDIA falling about 4%

The Nasdaq 100 Index fell 2.2%, hitting an intraday low since November 27. Component stocks AppLovin dropped 5.87%, AMD fell 5.58%, Warner Bros. Discovery decreased by 5.52%, ON Semiconductor declined 5.51%, Pinduoduo ADR fell 4.42%, PayPal, Arm Holdings, Netflix, Palantir, and Intel all dropped at least 4%, NVIDIA fell 3.85%, and MicroStrategy decreased by 3.69%