Today marks the final trading session of February, a month that has proven difficult for technology stocks. The tech-heavy Nasdaq Composite and the broad-based S&P 500 have declined approximately 2.5% and 0.4% for the month, respectively, while the blue-chip Dow Jones Industrial Average has gained over 1%.

Despite reporting revenue and profit that surpassed expectations, NVIDIA's earnings report failed to rejuvenate the artificial intelligence trade as some investors had hoped. At the start of Thursday's session, retail investors poured into the stock at record levels, but the share price ultimately closed down 5.5% as Wall Street's concerns over its dealings with OpenAI overshadowed the quarterly results.

Another AI favorite, CoreWeave, saw its shares fall more than 10% in pre-market trading after the cloud infrastructure company's revenue guidance fell short of analyst expectations.