Business & Finance
AI Stocks Rebound as Investors Weigh Whether Selloff Is Over
Key Points
AI Stocks Rebound as Investors Weigh Whether Selloff Is Over US stocks showed signs of stabilizing Friday as dip buyers stepped in to support the battered artificial intelligence trade, though the severity of this week’s rout has left investors questioning whether the worst is over. Nasdaq 100 futures climbed 1.4% as of 7:53 a.m. in New York, while contracts on the S&P 500 rose 0.1%, pointing to an early rebound after technology shares suffered their biggest one-day rout since the Covid...
AI Stocks Rebound as Investors Weigh Whether Selloff Is Over
US stocks showed signs of stabilizing Friday as dip buyers stepped in to support the battered artificial intelligence trade, though the severity of this week’s rout has left investors questioning whether the worst is over.
Nasdaq 100 futures climbed 1.4% as of 7:53 a.m. in New York, while contracts on the S&P 500 rose 0.1%, pointing to an early rebound after technology shares suffered their biggest one-day rout since the Covid pandemic. The selloff wiped out about $2.3 trillion in market value, the most on record, from US stocks on Thursday, with fears of tighter regulation threatening the massive buildout of AI infrastructure.