Wall St ends lower for the day and week as chip selloff broadens

Wall Street extended its decline on Friday, ending both the day and the week lower. The downturn was driven by a pullback in stocks linked to the artificial intelligence boom, which had previously fueled significant gains this year. This specific selloff among AI chipmakers broadened into a wider risk-off sentiment across the market, leading to a general decrease in stock values as investors moved away from high-growth technology assets during the trading session.