Nvidia stock was sliding on Thursday as a business partner’s weak outlook took some of the shine off President Trump’s artificial intelligence announcements. Shares were down 1.8% to $144.50 in premarket trading.

When the curtain closed on 2024, investors were all smiles. The mature stock-driven Dow Jones Industrial Average, benchmark S&P 500, and growth-fueled Nasdaq Composite ended last year higher by 13%, 23%, and 29%, respectively.

SK Hynix Inc.’s shares slid after record quarterly results failed to impress investors grappling with stagnant smartphone demand and questions about AI spending in 2025.