As AI-related stocks dive, the market's winners have one thing in common
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- Broadcom failed to raise its 2026 and 2027 AI semiconductor revenue outlook, prompting a wobble in the AI trade.
- Nasdaq dropped about 3% on Friday, its worst day since October, as AI-related stocks sold off sharply.
- S&P 500 slipped about 2% on Friday, with tech sector weakness (excluding Amazon, Alphabet, Meta Platforms, Tesla) partially offset by gains in staples, health care, real estate, and utilities.
- Procter & Gamble rose more than 4% on Friday, becoming one of the biggest gainers as defensive stocks outperformed.
Why it matters: Investors in defensive consumer staples gain as Procter & Gamble climbs 4%, while AI‑focused tech firms lose as Nasdaq slides 3%, signaling a rotation toward low‑cycle stocks amid higher‑rate expectations.
