AI, tech stocks bounce back after sharp selloff
QQQ•U.S. AI and tech stocks recovered premarket after Thursday’s rout, when the Nasdaq 100 lost $2.5 trillion in market value, its steepest one-day drop since April 2025. CoreWeave rose almost 10%, Nebius gained 11.3% and IREN surged 19%.
1. Stocks rebound
U.S. AI and tech stocks recovered premarket after Thursday’s market rout. The tech-heavy Nasdaq 100 shed $2.5 trillion in market value, its steepest one-day drop since “Liberation Day” in April 2025.
2. AI and data centers
CoreWeave rose almost 10% after falling to a more than 18-month low on Thursday. Nebius advanced 11.3%, IREN surged 19% after reporting a first-quarter revenue beat, and server makers Dell, Super Micro and Hewlett Packard gained between 6.1% and 8.6%.
3. Other gainers
Core Scientific, Hut 8 Corp and Cipher Digital rose between 5.3% and 12.3%. GE Vernova gained 3.5% and Vistra rose 5.4%. Dan Coatsworth of AJ Bell said the midterm election result could slow data center rollouts and lead to new ways of regulating the sector.
