AIFortuneabout 5 hours ago
Tech stocks plunge on Fed and AI boom fears
3 min read
Stocks tumbled Friday as a selloff over fears about the AI boom's longevity was compounded by worries about Federal Reserve rate hikes. The Nasdaq sank 4%, its worst selloff since April 2025. Chipmakers Micron, Intel, Cisco, and Nvidia led the decline. Trouble began when Broadcom gave disappointing guidance late Wednesday.
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