Nasdaq Pullback Underway as Tesla Slides, Nvidia Outpaces AMD

In the rhythm of markets, Thursday brought a familiar tension: the technology sector, having climbed swiftly on the promise of artificial intelligence, paused to reckon with the weight of rising interest rates and the limits of momentum. Federal Reserve Chair Jerome Powell's renewed signals of further rate hikes, echoed by central banks from London to Oslo, reminded investors that the era of cheap money has not yet fully passed. Tesla's second downgrade in two days and sharp divergences within the semiconductor space — Nvidia holding firm while AMD faltered — illustrated how quickly conviction