Stocks gave up earlier gains Friday as the White House reaffirmed President Donald Trump’s plan to implement some of his long-promised tariffs Saturday, with the market closing out a whirlwind week highlighted by Nvidia’s record-breaking losses in reaction to China’s DeepSeek cheaper AI model and a flurry of earnings reports.

While the demand is there, it's clear that's not the sole reason why Nvidia's RTX 50 series is impossible to find in stores. Many retailers received fairly low stock quantities, as Nvidia reportedly experienced manufacturing issues.

Nvidia crossed below its 200-day moving average this week for the first time since 2023. Analysts say the correction could deepen.