Stock markets experience volatility following a selloff in technology and AI-related stocks.
Wall Street indices rebounded on Friday after a heavy selloff of artificial intelligence stocks. The Nasdaq composite rose 1.09 percent at the close of the session, following a sharp decline on Thursday. This recovery follows a period where the Nasdaq was pushed into correction territory.
- The tech-heavy Nasdaq dropped 5 percent Thursday
- The unemployment rate ticked down to 4.1 percent.
- The Dow Jones industrial average was down more than 1,000 points.
- The S&P 500 lost 1.66% to 7,560.88.
- UBS analysts estimate about 30 percent of expected additional data center capacity for 2028 could be jeopardized by possible construction halts.
- Nvidia stock fell by nine percent on Thursday at 5 p.m. Danish time.
- AMD and Micron, competitors to Nvidia, both fell by about seventeen percent.
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