Nasdaq index ticked 0.49% lower on Monday following a four-week rout on Wall Street exacerbated by President Donald Trump’s chaotic tariff policy rollout and falling consumer confidence.

Tesla stock fell 6% on Monday. Mizuho lowered the firm’s price target on Tesla to $430 from $515 and keeps an Outperform rating on the shares.

The firm estimates Tesla’s February sales in its key regions of the U.S., European Union and China significantly underperformed the market, with the U.S. down 2% year-over-year, China down 49%, and Germany down 76%.

Nvidia fell 2%. Nvidia's GTC - or GPU Technology Conference - event begins on Monday, which is likely to mean a flurry of news, although CEO Jensen Huang's keynote speech on Tuesday will be the most eagerly anticipated moment. More announcements are expected on future versions of Nvidia's artificial-intelligence chips after the current Blackwell generation.

Amazon stock was down 1.6% while Apple down 1.5%.

Broadcom down 1.7% after report says Google partners with Taiwan's MediaTek for AI chips.

Intel stock rose 7%. Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan's thinking told Reuters, in a sweeping bid to revive the ailing technology giant.

Shares in Affirm tumbled 13% on Monday. Klarna Group Plc is partnering with Walmart Inc.-backed OnePay to offer buy-now-pay-later to US shoppers, replacing Affirm as the retail giant’s fast credit option.

Klarna will be available via finance app OnePay at online and physical checkouts of Walmart, according to a statement on Monday.

Affirm Holdings Inc. is currently a Walmart partner, but Klarna will become the exclusive option for installment loans once the integration is rolled out this year.