๐จ 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 โ Nvidia down ~3.3%, AMD ~4-5%, Micron ~6.7% ๐๐ฅ.
The selling spilled over to major indexes: โข S&P 500: -1.1% โข Nasdaq: -1.7% โข Dow: -0.5%
This felt like a reality check for the AI boom meeting stretched valuations ๐คโ ๏ธ.
Not all was downside โ Lululemon surged nearly 10% on strong earnings and guidance, proving smart stock picks can shine even in choppy markets ๐๐.
In the background, ongoing debates about AI profitability and margin pressures kept nerves on edge for overvalued tech sectors.
๐ Weekly Overview โข S&P 500: ~-0.5% โข Dow: ~+1.2% โข Nasdaq: ~-1.9%
The AI narrative is under scrutiny โ markets are questioning how much growth is already baked in.
Volatility is alive and well; stay vigilant โก๐
