The U.S. stock market opened with the Dow Jones down 0.66%, the S&P 500 down 0.85%, and the Nasdaq down 1.3%. AI chip stocks broadly declined, with Intel (INTC.O) down over 5%, Baidu (BIDU.O) down nearly 4%, AMD (AMD.O) down 3.5%, and NVIDIA (NVDA.O) down over 2%.