S&P 500 ends slightly lower for the week as AI-linked stocks slide

Most U.S. stocks rose Friday, but a sharp selloff in AI-related chip names left the S&P 500 slightly lower for the week. Micron Technology fell 6.7%, while ON Semiconductor sank 23.7% after agreeing to buy Synaptics in an all-stock deal valued at roughly $7 billion. Brent crude slid 3.8% to $72.60 a barrel, below its level from the day before the United States and Israel attacked Iran and events later led to the closure of the Strait of Hormuz and reduced global oil shipments. Apple said it raised prices on laptops and other products by significant percentages to offset higher memory costs, stoking worries that demand could weaken.