TECH CRASH! Wall Street Dumps AI Stocks NOW: 3 Reasons You Must Know!
Could AI's bubble be bursting faster than expected? Wall Street saw a dramatic shift on Friday, as tech stocks plummeted with the Nasdaq Composite falling almost 2%. Fears over AI overvaluation resurfaced, particularly after Broadcom and Oracle's earnings disappointed on AI clarity, leading Broadcom's shares to drop over 10%. Meanwhile, a Federal Reserve interest rate cut fueled optimism for US growth, boosting cyclical stocks and driving Gold prices to a fresh record. This surprising rotation away from tech towards value has left major indices facing weekly losses, even as Lululemon shares surged over 9% after news of its CEO's departure. For more immediate market insights and analysis, subscribe to our channel today.
Tags/Hashtags: #nasdaq #broadcom #lululemon #broadcom #oracle #lululemon
Leave a Reply