U.S. stocks fell Friday, capping the Nasdaq’s worst week since June, as investors balked at debt-heavy spending tied to the AI buildout. Shares of “neocloud” provider CoreWeave tumbled 12% on the day and 24% for the week, while chipmakers including Micron, AMD, Broadcom and Intel also slid. Sentiment soured further on doubts about Anthropic’s pending IPO, with investors reportedly eyeing a valuation closer to $1.5 trillion than an earlier $2 trillion target. Fresh inflation pressures kept the 10-year Treasury yield around 5.1% and lifted odds of another Fed hike by year-end, though Chair Kevin Warsh offered no policy clues. The federal funds rate stands at 3.75%–4% after September’s increase. Tesla fell after unveiling a new Roadster.
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— Nasdaq Composite
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— United States Treasury security
