Wall Street selloff deepens as tech and AI stocks plunge

Wall Street suffered a sharp selloff on Friday, with the tech-heavy Nasdaq composite index closing down 2.9 percent and several AI companies posting double-digit losses. The broader S&P 500 fell 1.8 percent, while the Dow Jones Industrial Average declined 1.1 percent. Recent quarterly reports from major AI-dominated giants have reignited market bubble warnings. Intel plunged 28.6 percent after missing expectations, Nvidia dropped 4.2 percent, and AMD fell 10.9 percent. Alphabet, which lost over 10 percent on Thursday following its earnings report, slipped another 1.4 percent on Friday.