Plunges Below $90K as AI Bubble Worries Weigh on Tech Stocks
Artificial intelligence-focused stocks are coming under pressure on Friday, dragging tech-related equities and bitcoin BTC$88,906.74 lower during the early U.S. session. Chipmaker Broadcom (AVGO), the ninth largest asset by market cap, tumbled 10% despite strong earnings as its outlook disappointed investors’ lofty expectations. The Nasdaq index was down over 1% in the first hour of…