Tech stocks rebound after trillion-dollar AI selloff

bbc.com (Turkish) —

Technology stocks are recovering after a multi-trillion-dollar selloff triggered by concerns over slowing AI investment and Democratic midterm election victories perceived as anti-AI. The Nasdaq opened up 1.23% on Friday, recouping some of Thursday's 5.5% loss, with Nvidia, SpaceX, and Tesla shares rebounding. Strong US employment data for October, showing 165,000 new jobs, added a new dimension to the market picture. The volatility follows Democrats gaining control of Congress and several key states, with many candidates advocating new AI regulations. Analysts say the selloff reflects combined worries about AI investment returns, policy changes, and inflation, though experts believe the AI trade is not over.


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