🚨 Tech Sell-Off Hits Markets Hard
Friday brought a tough session for tech investors. Broadcom plunged around 11%, sparking widespread declines in AI and chip stocks — Nvidia down ~3.3%, AMD ~4-5%, Micron ~6.7% 📉🔥.
The selling spilled over to major indexes: • S&P 500: -1.1% • Nasdaq: -1.7% • Dow: -0.5%
This felt like a reality check for the AI boom meeting stretched valuations 🤖⚠️.
Not all was downside — Lululemon surged nearly 10% on strong earnings and guidance, proving smart stock picks can shine even in choppy markets 👀📈.
In the background, ongoing debates about AI profitability and margin pressures kept nerves on edge for overvalued tech sectors.
📅 Weekly Overview • S&P 500: ~-0.5% • Dow: ~+1.2% • Nasdaq: ~-1.9%
The AI narrative is under scrutiny — markets are questioning how much growth is already baked in.
Volatility is alive and well; stay vigilant ⚡📉
