#stocks Tech News.

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.

Cramer warns stocks face pressure from rising interest rates, elevated oil prices, and a flood of new stock offerings. The S&P 500, Nasdaq, and Dow Jones closed lower after a stronger-than-expected jobs report pushed Treasury yields higher. Cramer highlights SpaceX's anticipated IPO and AI sector capital raises as key market pressures. He notes Apple's AI strategy shift, Campbell's weak growth, Vail's consumer spending concerns, and Chewy's morning report as key earnings events.

Horizon Technology Finance is upgraded to Hold as its portfolio structure shows potential for improvement and management demonstrates commitment through share repurchases. The company trades at a 33% discount to NAV, reflecting persistent portfolio and earnings weakness. Q1 results were disappointing, but new investments and merger-driven equity injection offer cautious optimism.

Chip stocks declined sharply on Nasdaq amid a selloff in semiconductor shares. The Nasdaq Composite dropped significantly during the session. The decline reflected broader market volatility in technology sectors. The selloff occurred as trading activity surged on the Nasdaq exchange.

Big Tech stocks led the decline on Friday. The market saw significant losses. Major tech companies experienced a downturn. The decline was notable. Stocks fell sharply on Friday.