Published • loading... • Updated
Nasdaq, S&P 500 and AI Stocks Rebound After Brutal Week
A stronger-than-expected U.S. jobs report helped investors buy back AI stocks after a selloff that pushed the Nasdaq into correction territory.
- The Nasdaq Composite plunged 5.5% into correction territory on Thursday, marking its worst performance since the 2025 'Liberation Day' rout, after Democrats regained control of Congress in midterm elections on Tuesday.
- Fears that a 'Blue Wave' would disrupt the U.S. data center build-out triggered the sell-off, as prominent Democratic victors including Ohio Governor-elect Amy Acton and Michigan Senator-elect Abdul El-Sayed campaigned against such facilities.
- Investors had questioned whether massive AI spending justified high valuations, prompting Dong Baozhen, Chairman of Lingtong Shengtai, to state the sell-off proves AI stock prices were built on 'rosy illusions about the future.'
- Yorkville Ives & Co. partner Dan Ives argued the sell-off is overdone, comparing its magnitude to the 2020 and 2025 tech sell-offs, while other market participants reported 'client margin calls' and widespread complaints.
- Big Tech companies remain poised to allocate $3 trillion to $4 trillion toward AI capital expenditures over the next few years, ensuring the long-term industry build-out continues despite current market turbulence.
Insights by Ground AI
Podcasts & Opinions
78 Articles
78 Articles
On Thursday, $2.5 trillion in US stock exchanges dissolved into thin air. The day after, there was a recovery, but it was too timid for a real warning.
·Zürich, Switzerland
Read Full Article
How anti-AI trade after US midterm election results is reviving Indian, Chinese stocks
The unraveling of the AI trade after the US midterm elections is forcing investors to rethink their Asia playbook, reviving demand for out-of-favor Chinese and Indian stocks as well as companies poised to benefit from easing inflation and trade tensions.
·New Delhi, India
Read Full Article
·Amsterdam, Netherlands (Kingdom of the)
Read Full ArticleCoverage Details
Total News Sources78
Leaning Left9Leaning Right14Center24Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 19%
C 51%
R 30%
Factuality
To view factuality data please Upgrade to Premium
