US stocks fall from record as Broadcom tumbles
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Broadcom fell 10% after investors were disappointed with the company’s sales outlook © ReutersUS stocks fall from record as Broadcom tumbles on x (opens in a new window)US stocks fall from record as Broadcom tumbles on facebook (opens in a new window)US stocks fall from record as Broadcom tumbles on linkedin (opens in a new window)US stocks fall from record as Broadcom tumbles on whatsapp (opens in a new window) Save US stocks fall from record as Broadcom tumbles on x (opens in a new window)US stocks fall from record as Broadcom tumbles on facebook (opens in a new window)US stocks fall from record as Broadcom tumbles on linkedin (opens in a new window)US stocks fall from record as Broadcom tumbles on whatsapp (opens in a new window) Save Emily HerbertPublishedDecember 12 2025Jump to comments sectionPrint this pageStay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.US tech stocks fell on Friday, as a sharp slump in Broadcom’s shares following the chipmaker’s earnings underlined investors’ nervousness about high valuations in companies linked to the artificial intelligence boom.The tech-heavy Nasdaq Composite fell 1.3 per cent by mid-morning in New York. Broadcom tumbled 10 per cent after investors were disappointed with the company’s sales outlook. The S&P 500 dropped 0.8 per cent from Thursday’s record. The move comes a day after a steep sell-off in Oracle shares, after the database company failed to meet analysts’ estimates of revenue growth. Oracle dropped 10 per cent on Wednesday, but the non-tech portion of the market still helped the S&P to a closing high. US government bonds also came under pressure as investors continued to digest the language from the Federal Reserve meeting on Wednesday. The yield on the benchmark 10-year US Treasury rose 0.04 percentage points to 4.18 per cent. Yields move inversely to prices. Reuse this content (opens in new window) CommentsJump to comments sectionPromoted Content Follow the topics in this article Capital markets Add to myFT Technology sector Add to myFT US equities Add to myFT Artificial intelligence Add to myFT Broadcom Inc Add to myFT CommentsUS tech stocks fell on Friday, as a sharp slump in Broadcom’s shares following the chipmaker’s earnings underlined investors’ nervousness about high valuations in companies linked to the artificial intelligence boom.The tech-heavy Nasdaq Composite fell 1.3 per cent by mid-morning in New York. Broadcom tumbled 10 per cent after investors were disappointed with the company’s sales outlook. The S&P 500 dropped 0.8 per cent from Thursday’s record. The move comes a day after a steep sell-off in Oracle shares, after the database company failed to meet analysts’ estimates of revenue growth. Oracle dropped 10 per cent on Wednesday, but the non-tech portion of the market still helped the S&P to a closing high. US government bonds also came under pressure as investors continued to digest the language from the Federal Reserve meeting on Wednesday. The yield on the benchmark 10-year US Treasury rose 0.04 percentage points to 4.18 per cent. Yields move inversely to prices.