Wall Street came under renewed pressure on Friday, with the tech-heavy Nasdaq Composite (COMP:IND) and Nasdaq-100 (NDX) sliding as much as 2% as momentum in the artificial intelligence (AI) trade faltered.
Sentiment soured early after Broadcom (AVGO) flagged tightening margins and reported an AI order backlog that fell short of investor expectations, raising fresh concerns about the pace of industry demand. Adding to the cautious tone, reports surfaced that several Oracle (ORCL) run data centers supporting OpenAI (OPENAI) will face delays, pushing expected completion from 2027 to 2028.
The combination of softer chipmaker guidance and infrastructure setbacks triggered broad selling across high-growth names. A handful of the Nasdaq’s largest AI-linked stocks led the downturn, collectively pulling the index sharply lower and reinforcing worries that the sector’s rapid run-up may be due for a deeper reset.
Below are the 10 names fueling the Nasdaq selloff:
No. 1: Broadcom (AVGO) -10.9%
No. 2: Micron Technology (MU) -6.7%
No. 3: AppLovin (APP) -5.9%
No. 4: Constellation Energy (CEG) -5.4%
No. 5: Marvell Technology (MRVL) -5.1%
No. 6: Advanced Micro Devices (AMD) -4.9%
No. 7: Palantir Technologies (PLTR) -4.7%
No. 8: Lam Research Corporation (LRCX) -4.6%
No. 9: KLA Corporation (KLAC) -4.1%
No. 10: Arm Holdings (ARM) -3.7%
Price movements are as of 11:30 am EST.
Nasdaq Focused ETFs: (QQQ), (QQQM), (SQQQ), (TQQQ), (QLD), and (QID).