The stock market experienced significant declines this week, with the NASDAQ suffering its worst week since June 2022 and the S&P 500 and Dow recording their largest weekly losses since March 2023. This downturn was largely driven by a weaker-than-expected August jobs report, which heightened economic concerns and uncertainty about the Federal Reserve's upcoming interest rate decisions. Nvidia, a major player in the AI and semiconductor sectors, saw its stock plummet by 28% from its highs, shedding $406 billion in market cap this week alone. The S&P 500 fell 4.25%, the NASDAQ declined 5.77%, and the Dow fell 2.93%. Other tech giants, including Intel, Qualcomm, and Tesla, also faced declines. Broadcom, despite forecasting $12 billion in AI parts and custom chips sales for 2024, also saw a drop in its stock. The overall sentiment in the market was one of caution and concern as investors grappled with the potential for slower economic growth.