Tech Stocks Fall. Why Broadcom, Google, AI IPOs May Have Triggered Sell-Off.

Technology stocks tumbled, pushing the Nasdaq toward its worst week in a year and erasing more than 10% year-to-date. The sell-off hit semiconductors and large-cap tech: the Nasdaq slipped below its 50-day line, and the S&P 500 Information Technology sector fell about 4.6% — its worst one-day loss since April 4, 2025. Drivers cited include Broadcom’s downbeat forecast, worries about U.S. scrutiny of Nvidia’s China-related AI chip sales, and large capital raises — notably Alphabet’s planned $85 billion stock offering — plus an expected wave of AI-focused IPOs that prompted investors to free up cash. Major names mentioned as falling included Nvidia, Micron, Microsoft, Salesforce, Snowflake, Amazon and Alphabet. Overall the piece is market commentary highlighting a near-term risk-off rotation out of tech into cash ahead of big capital raises and IPOs.