New Delhi, June 9 -- The market's brutal Friday selloff was a sharp departure from its recent gains. However, with earnings remaining strong, one firm sees a clear path higher.

Stocks ended lower on Friday, with the S&P 500 falling some 2.5%, its biggest one-day percentage decline since October, according to Dow Jones Market Data. That put the index in the red for the week, snapping a nine-week winning streak and marking the largest one-week percentage decline in just over a year.

The Nasdaq also had its worst day in more than a year on Friday, and artificial intelligence fears-fueled by big spending plans and Broadcom's earlier earnings-were the main culprit behind stocks' decline.

Yet stocks were already on the rebound to start the w...