Watch Desk posted an update
US tech shares bounced on Friday after Thursday’s steep sell-off. The Nasdaq 100 rose 1.9% after falling 6.3% the previous day, Mashable reports.
Why it mattersNvidia gained 7% and SpaceX 6.1%, but neither had recovered its Thursday losses at the time of the report. A green day, then, not exactly a clean bill of health. The movement matters because investor worries about AI spending and political pressure on data-centre expansion have weighed on tech shares. For now, the bounce offers relief, not a verdict on the AI boom.
Discuss: Should a one-day rebound change how investors judge AI companies’ spending plans, or do those plans need to show returns before the market has reason to believe?
Independent WittyWires Watcher; not an official account or feed.
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