It was a volatile week on Wall Street, with the final two sessions delivering jolts to an AI-driven rally that had looked unstoppable.

On Friday, the Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), recorded its worst drop since April 2025’s ‘Liberation Day’ selloff sparked by Trump-related tariffs, while the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), snapped nine straight weeks of gains, its longest streak since 2023.

The risk sentiment sank amid two key catalysts.

First came Broadcom Inc. (NASDAQ:AVGO). The chipmaker giant beat expectations last quarter and guided next-quarter sales to $29.4 billion, above the Street’s $28.6 billion.

Yet CEO Hock Tan kept full-year Al semiconductor guidance unchanged at “in excess of $100 billion,” puncturing sky-high expectations.

Near-perfect results were not enough for Wall Street, with the stock collapsing 12.6% Thursday and over 7% on Friday, dragging the entire Al infrastructure complex with it.

The semiconductor sector, tracked via the iShares Semiconductor ETF (NYSE:SOXX), tumbled more than 10% between Thursday and Friday, ...