The Financial Post reports in its Friday edition that a sell-off in technology stocks pulled U.S. equities lower on Thursday after results from Broadcom forced an unwind in the artificial-intelligence trade that had powered gains over the last several sessions. A Bloomberg dispatch to the Post quotes Mark Malek, chief investment officer at Siebert Financial, saying, "The market is no longer paying endlessly for 'AI' stamped on the box." Broadcom shares slid 15 per cent after the company delivered a disappointing forecast for AI chip revenue. While Broadcom had been making progress in pivoting to AI customers, it has come up against outsized investor expectations. Mr. Malek noted that Broadcom had a bad set-up going into results rather than a bad quarter. That distinction matters, he said, as it can lead to investors selling "great companies for the wrong reason." As a consequence of Broadcom's poorly received forecast, traders have been backing away from the AI trade, which has seen a resurgence in recent weeks and provided a lift to U.S. stocks. Further fuelling concerns were comments from Taiwan Semiconductor on global chip supply falling short of AI-fuelled demand. The AI boom may be a victim of its own success.