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#Tech Markets Hit by Volatility
Friday shook up tech investors. Broadcom dropped 11.4%, sparking widespread selling across AI and semiconductor stocks โ Nvidia -3.3%, AMD -4.8%, Micron -6.7% ๐๐ฅ.
The broader market reacted:
โข S&P 500: -1.0%
โข Nasdaq: -1.8%
โข Dow: -0.4%
This highlighted the clash between AI hype and valuation reality ๐คโ ๏ธ. Not all names fell โ Lululemon surged +9.6%, showing stock selection still counts even in risk-off conditions ๐๐.
Fed tightening concerns added to pressure, keeping sentiment fragile, especially in stretched tech names.
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Weekly Recap
โข S&P 500: -0.5%
โข Dow: +1.2%
โข Nasdaq: -1.9%
Tech bulls are being tested, and the market is questioning what is already priced in versus whatโs not. Volatility is back, stay alert โก๐
Top Movers:
$PROMPT / PROMPTUSDT Perp: 0.06731 +35.54%
$JELLYJELLY / JELLYJELLYUSDT Perp: 0.09281 +30.79%
$LRC / LRC: 0.0653 +13.56%
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