AI jitters derail tech-led rally as Nasdaq, S&P 500 slip

US stocks slipped on Friday as AI jitters weighed on tech names, with the Nasdaq about 0.2% lower and the S&P 500 marginally down, snapping a two-week win streak; reports that OpenAI may delay its mega-IPO to 2027, along with a memory-chip cost squeeze and hotter-than-expected PCE inflation data, kept the AI trade under pressure, while Micron’s results underscored ongoing squeezes and Apple’s price hikes added to inflation fears. The Dow finished roughly flat for the week as oil prices fell on ongoing Middle East tensions, with Brent near $72 and WTI near $69.