Tech Stocks Rally: S&P 500 and Nasdaq Rebound After AI Selloff
Tech stocks rallied after an AI-driven selloff, with chipmakers and software ETFs leading gains as the S&P 500 added about $1 trillion in value last week, nearing record highs.
8 Articles
8 Articles
Why that $2 trillion software stock wipeout didn’t derail the AI bull market
S&P 500 futures were up 0.18% this morning before the opening bell in New York after the index closed up 0.47% yesterday, leaving it just a tick below its all-time high. Traders bought up stocks after most companies in the S&P reported that they had beaten consensus earnings estimates so far.The contrast between this week’s bullish rally and last week’s AI-induced sell-off could not be more stark. To put it in perspective, $12 trillion was wiped…
S&P 500 Closes Near Record as Tech Keeps Rallying: Markets Wrap
(Bloomberg) -- Another rally in tech companies after an artificial intelligence-driven rout drove stocks higher ahead of economic data that will help shape the Federal Reserve outlook. Gold topped $5,000. The dollar fell.
Tech Stocks Rally: S&P 500 and Nasdaq Rebound After AI Selloff
Tech Stocks Rally: S&P 500 and Nasdaq Rebound After AI Selloff The S&P 500 and Nasdaq staged a recovery on Monday as technology stocks bounced back following a tumultuous AI-induced selloff last week. Tech stocks, including major players like Oracle and Microsoft-backed OpenAI, found solid footing, reassuring investors.Oracle saw a significant rise after receiving an upgrade to 'buy' from 'neutral' by D.A. Davidson. Sam Altman, CEO of OpenAI, re…
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