The AI Trade Is Getting Hammered Again Friday, This Time Led by Broadcom
The AI boom has driven much of the stock market's growth in the last few years, but many AI stocks have taken a hit lately amid worries about a brewing bubble. Broadcom's drop Friday—even after a strong earnings print—could be taken as a signal of flagging support for the sector. Shares of Broadcom were down nearly 9% in recent trading, leading decliners on the S&P 500 and Nasdaq. AI investor favorites Advanced Micro Devices (AMD), Micron Technology (MU), and Palantir (PLTR) also lost ground, as worries abo ...