Wall Street ends lower; fears of AI bubble and inflation send investors away

Broadcom shares tumbled 11.4% after the chipmaker warned of slimmer future margins, causing renewed concerns about the profitability of surging AI investments. Oracle fell 4.5% on top of Thursday's almost 11% plunge following the cloud software company's weak financial forecast. Oracle shares were under pressure on Friday even after it denied a Bloomberg report that its data centers for ChatGPT maker OpenAI were being delayed. It didn't help that the S&P 500 and the Dow had notched record closing highs on ...