Stocks fell on Friday, as mounting jitters over artificial intelligence spending weighed on sentiment and dragged global tech stocks lower.

The Nasdaq Composite dropped 1.8% as tech stocks came under scrutiny. The Dow Jones Industrial Average slipped 519 points, or 1%, while the S&P 500 lost 1.2%.

Netflix sank 11% on Friday after the streaming giant forecast another quarter of slower revenue gains and scaled back viewership data, ​fueling fears that its industry-beating growth may have peaked.

In its latest disclosure ‌pullback, the company cut the frequency of its viewing-hours report to once a year from twice starting 2027, following last year's scrapping of subscriber counts, leaving investors in the dark as the business faces greater competition from traditional ​media as well as YouTube.