Wall Street Plunges on AI Bubble Fears, Inflation Worries

• S&P 500 and Nasdaq closed over 1% lower on Friday due to AI bubble fears and rising U.S. Treasury yields.
• Concerns about an AI bubble intensified after Broadcom's margin warning and Oracle's weak financial forecast.
• Rising U.S. Treasury yields added pressure as Federal Reserve officials voiced worries about persistent inflation.
• Investors shifted away from technology stocks towards more defensive sectors.
• Upcoming labor market and inflation data next week contributed to market caution.

Why It Matters: Market instability from AI bubble fears and inflation could impact your investments.