Wall Street's major indexes were lower on Friday as investors left technology for other sectors as Broadcom and Oracle fueled concerns about an AI-fueled bubble and rising U.S. Treasury yields added pressure after some policymakers spoke out against easing monetary policy.

The valuations of some artificial intelligence companies are approaching those of the dot-com boom. But investors worry that pulling money from today’s market risks future gains.

Oracle's earnings showed mixed results, leading to an 11% drop. Broadcom's strong earnings overshadowed by warnings of margin pressures.

However, other analysts and some top investment banks on Wall Street remain bullish about next year, believing that there's still more growth ahead for the S&P 500. Here's a look at just how high they think the index -- currently around 6,850 -- might go in 2026.

Most U.S. stocks are rising on Thursday, but a sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off. Doubts remain about whether all the spending that Oracle is doing on AI technology will produce the payoff of increased profits and productivity that proponents are promising.

Wall Street falls as AI stocks face pressure; Broadcom, Oracle news shake tech sector. Get the latest market update and ETF insights.

Wall Street got the rate cut it wanted. But with the Federal Reserve set to take a more cautious approach to trimming interest rates in 2026, investors are now left to wrestle with other concerns that had been put on the back burner while Fed rate cuts were top of mind.