Big Tech Stocks Sink as AI Payoff Fears Hit Broadcom and Oracle; Nvidia’s China Signal Adds a Twist (Dec. 12, 2025)
Big Tech stocks slid on Dec. 12, 2025 as Broadcom and Oracle reignited “AI bubble” worries, pushing chip leaders lower while investors refocus on margins, capex, and cash flow. NEW YORK (Updated Dec. 12, 2025, 6:00 p.m. ET) — Big Tech stocks ended the week under pressure Friday as a renewed “AI payoff” debate rippled through the market, dragging down semiconductors and the broader Nasdaq. The Nasdaq Composite fell 1.69% to 23,195.17, while the S&P 500 dropped 1.07% to 6,827.41 and the Dow Jones Industrial Average slipped 0.51% to 48,458.05. Reuters At the center of today’s selloff: Broadcom’s margin warning, Oracle’s AI-infrastructure spending concerns, and a wider investor