Tech stocks fell on Friday following a sharp sell-off the day before as markets weighed new tariffs, Intel's (INTC) quarterly results, and a debate over China's open-source models. In tech earnings news, Intel stock fell almost 8%, despite announcing better-than-anticipated earnings and an upbeat outlook for the current quarter after the bell on Thursday. The chipmaker is benefiting from the AI boom thanks to its central processing units (CPUs), which are key to running AI agents. On Thursday, AMD (AMD) officially launched its Helios rackscale system, with CEO Lisa Su announcing that the AI platform is in full production during the company's Advancing AI event in San Francisco, Calif. The system is a direct competitor to Nvidia's (NVDA) own Grace Blackwell and Vera Rubin-based NVL72 rackscale systems.