NEW YORK — More drops for superstars that had earlier soared in Wall Street’s frenzy around artificial-intelligence technology are dragging the U.S. stock market off their records on Friday.

The S&P 500 fell 1.2% from its all-time high set the day before, and the weakness for tech stocks yanked the Nasdaq composite down a market-leading 1.8%. The Dow Jones Industrial Average was down 266 points, or 0.5%, from its own record set the day before, as of 11:30 a.m. Eastern time.

Broadcom dragged the market lower and tumbled 10.5% even though the chip company reported a stronger profit for the latest quarter than analysts expected. Analysts called the performance solid, and CEO Hock Tan said strong 74% growth in AI semiconductor revenue helped lead the way.

But investors may have been concern

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