U.S. stocks got off to a rocky start to 2025 on Thursday as the S&P 500 and Nasdaq Composite declined for a fifth straight day. For both, it was the longest losing streak since April, according to Dow Jones Market Data.

Shares of the AI server maker were on track to notch a yearly gain of just 6% on Tuesday afternoon — far less than other AI-themed stocks that have thrived in the bull market in 2024. And despite turning positive for the year in December, Super Micro shares remained far below their highs near $120 in mid-March.

Tesla slumped after it disclosed it delivered fewer vehicles in the last three months of 2024 than analysts expected. The electric-vehicle company’s stock fell 6.2%. Some Big Tech stocks, which have been leading Wall Street for most of the last few years,