The CAC 40 fell 0.4% to 8,341 on Friday, extending losses from the previous session as a broad-based semiconductor selloff swept across global markets and weighed heavily on technology stocks. Concerns over the sector resurfaced amid elevated AI spending and stretched valuations. Meanwhile, investors continued to monitor developments in the escalating US-Iran conflict, which pushed oil prices higher and renewed worries over inflation and interest rate outlook. Markets largely expect the European Central Bank to keep borrowing costs unchanged next week before potentially delivering a final rate cut in September, when the ECB will release updated quarterly projections. STMicroelectronics (-5.8%), Airbus (-1%), Schneider Electric (-2.3%), and Safran (-1.4%) were among the notable decliners. Luxury names such as LVMH (-0.7%), Hermes (-0.6%), and Kering (-1%) also fell after Burberry underwhelmed investors with its results. For the week, the CAC 40 is on track to finish broadly steady.