By Emily Herbert
Publication Date: 2025-12-12 15:48:00
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U.S. technology stocks slumped on Friday as a sharp fall in Broadcom shares following the chipmaker’s earnings reignited investor jitters over the lofty valuations of companies linked to the artificial intelligence boom.
The tech-heavy Nasdaq Composite fell 1.4 percent by mid-afternoon in New York. Broadcom slumped 10 percent after investors were disappointed with the group’s prospects, losing about $200 billion in market value.
The S&P 500 fell 0.9 percent from Thursday’s record.
Oracle shares suffered a sharp selloff a day ago after the database company missed analysts’ revenue growth estimates. Oracle fell nearly 11 percent on Thursday, but the non-tech portion of the market still helped the S&P to a closing high.
Oracle shares fell another 5 percent on Friday after the company was forced to postpone the creation of at least one of its data…
