(Bloomberg) — The Nasdaq 100 Index sank into a correction on Friday, as investors continue to sour on the megacap technology stocks that led the stock market rally over the past two years.

Nasdaq rallies as chip stocks surge ahead of Nvidia earnings. Can AI demand boost tech stocks today? Read our full market analysis and forecast.

In early trading on Monday, shares of NVIDIA topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.0%. Year to date, NVIDIA registers a 3.1% gain.

The market has been a wild roller coaster ride these past five years. As the longest-running bull market hit new highs in early 2020, the pandemic struck causing the Nasdaq 100 to lose more than a quarter of its value in a matter of weeks.

“Nvidia has swept aside concerns about production ... The S&P 500 was little changed. The Nasdaq 100 added 0.2%. The Dow Jones Industrial Average slid 0.4%. The yield on 10-year Treasuries ...