can someone explain what happened friday because that was insane

okay so i've been following the markets for a while and friday genuinely caught me off guard. s&p down 2.6%, nasdaq down over 4% in a single day. haven't seen that since the tariff chaos last year. from what i understand the jobs report came in way too strong which spooked everyone into thinking the fed might hike rates again. that alone would've been enough but then chip stocks just completely fell apart. marvell down 13%, micron down 13%, amd nearly 11%. nvidia got dragged down 6% for basicall