Dow tumbles after hitting record high, while Broadcom latest to fuel AI bubble fears

Dow tumbles after hitting record high, while Broadcom latest to fuel AI bubble fears

Stocks on Wall Street plunged on Friday as Broadcom's latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve's less-hawkish-than-expected signals on 2026 rate cuts.

Wall Street Ends Lower. Fears of AI Bubble and Inflation Send Investors Away

The S&P 500 and the Nasdaq closed down more than 1% on Friday with investors leaving technology for other sectors as Broadcom and Oracle fueled concerns about an AI bubble and rising U.S. Treasury yields added pressure after some policymakers spoke out against easing monetary policy. Treasury yields rose after a group of Federal Reserve officials who voted against the central bank’s interest rate cut this week voiced worries that inflation remai…

Wall Street ends lower; fears of AI bubble and inflation send investors away

Other companies that have benefited from AI bets but went into reverse on Friday included SanDisk