Stocks fell sharply on Wednesday, with the Dow Jones Industrials plummeting 1.7%.The S&P 500 decreased 2.2%, dragged down by the information technology sector.The NASDAQ Composite slid 3.1% due to various factors including chipmakers facing challenges.Nvidia experienced a significant drop of 6.9% and revealed a $5.5 billion quarterly charge related to exporting graphics processing units to China.