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Tech shares rebound as markets weigh AI impacts
Meta's chip deal with AMD raised AMD shares 8.8% and helped ease AI concerns, supporting a rebound in major U.S. tech stocks after a recent selloff.
- On Tuesday, tech shares bounced as the Nasdaq led Wall Street with a one-percent gain, with the S&P 500 and Dow also finishing higher.
- Amid tariff uncertainty, U.S. Supreme Court's move last week and Meta's agreement to buy millions of chips from AMD influenced market sentiment.
- Advanced Micro Devices Inc. shares jumped 9% on Meta Platforms Inc.'s chip plans, while a software ETF rose 2%; Angelo Kourkafas, Edward Jones, said, `Today tech is really catching a break from the AI disruption narrative.`
- Traders are bracing for Nvidia Corp.'s results on Wednesday, while analysts say this week's earnings will either calm or exacerbate fears about AI's impact and the State of the Union may add political risk.
- Goldman Sachs strategists Andrea Ferrario and Christian Mueller-Glissmann say this shift in investor psychology could support stability, while the European Union seeks clarity on trade ratification after tariff changes.
26 Articles
26 Articles
Tech shares rebound as markets weigh AI impact
NEW YORK, United States — Tech shares bounced on Tuesday following the prior session’s selloff as markets weigh the impact of artificial intelligence on incumbent technology companies while navigating tariff uncertainty. After losing more than one percent Monday, major US indices began tentatively Tuesday before catching their stride later in the morning. The tech-rich Nasdaq led Wall Street indices with a one-percent gain, while the Dow and S&P…
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Tech shares rebound as markets weigh AI impacts
Tech shares bounced on Tuesday following the prior session's selloff as markets weigh the impact of artificial intelligence on incumbent technology companies while navigating tariff uncertainty.
Tech Stocks Power Gains After AI-Fueled Selloff: Markets Wrap
(Bloomberg) -- A rally in technology firms spurred a rebound in stocks after a rout driven by fears about the disruptive impacts of artificial intelligence, with sentiment also buoyed by an improvement in consumer confidence.
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