AI stocks climb after trillions wiped from market values

What the report says

Shares in artificial intelligence and other technology companies rebounded after a sharp sell-off that erased trillions of dollars in market value on Thursday, according to BBC World News. The Nasdaq opened higher on Friday, recovering some of the previous day’s losses, while the S&P 500 also edged up and the Dow Jones Industrial Average was slightly lower. The report said the earlier slide was driven in part by investor concern that a Democratic election victory could lead to slower AI development and tighter regulation.

Several companies that had been hit hard in the rout also moved higher in early trading. Nvidia, which had lost a large amount of value the day before, rose sharply, while shares linked to Elon Musk’s businesses also recovered to a lesser extent. The market swings came as investors also weighed new US jobs data that showed stronger-than-expected hiring and a small drop in the unemployment rate.

BBC noted that the broader political backdrop includes Democratic calls for new rules on AI and data centres, alongside continued support from President Donald Trump for accelerated AI investment. More broadly, the episode highlights how policy expectations, enthusiasm for AI spending and questions about whether the sector’s huge outlays will produce returns are now moving markets.