Broadcom tumbles 11% despite blockbuster earnings as 'AI angst' weighs on Oracle, Nvidia

Broadcom's quarterly results and guidance sailed past Wall Street estimates. It didn't matter. The chipmaker's shares plummeted 11% on Friday, on pace for their worst day since January, as investors ran for the exits on the artificial intelligence trade. Oracle dropped 4% a day after plunging 10% following its earnings report. AI has been the driver for the stock market and the broader economy this year, so any negative sentiment has potentially far-reaching consequences. The Nasdaq on Friday fell about 1.4 ...