Technology stocks fell Friday as a broader market selloff intensified, with geopolitical tensions between the US and Iran, rising Treasury yields, and mounting concerns over AI spending all weighing on sentiment.

The Magnificent Seven led the decline. Microsoft has been the weakest performer in recent weeks, down about 24% year to date and roughly 2% on Friday. Meta dropped around 4.3% on the day and is down about 18% this year, while Nvidia slipped 1.9% Friday and is off roughly 11% year to date.

Alphabet fell about 2.4% on the day and is down near 12% this year, Tesla dropped roughly 3% and is down around 17% year to date, and Amazon declined about 3.2% Friday with losses near 11% this year. Apple has been the most resilient, down…