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Tech Stocks Slide as Broadcom Posts Steady Results
The AI stock sell-off persisted as investors weigh whether AI-driven revenue can sustain profits amid price competition and deal-cycle uncertainty. Broadcom beat on revenue but signaled tighter margins, while Nvidia, AMD, and Oracle also fell. Analysts note a split between expanding AI opportunities and margin discipline, with some seeing 2026 profitability from data-center growth and others warning near-term sentiment remains fragile. News brief: Oracle denied OpenAI data-center delays; Coinbase plans in-house prediction markets powered by Kalshi. Berkshire’s leadership transition and upcoming European policy events add macro headwinds.
