Dow tumbles after hitting record high, while Broadcom latest to fuel AI bubble fears

Stocks on Wall Street plunged on Friday as Broadcom’s latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve’s less-hawkish-than-expected signals on 2026 rate cuts.In recent trading, the Dow Jones Industrial Average tumbled more than 200 points, or 0.5%, to 48,462. The S&P 500 dropped 1.1%, and the Nasdaq lost 420 points, or 1.8%. The blue-chip index had risen nearly 200 points to 48,886, a new all-time intraday record.Despite less-hawkish signals on 202 ...