US tech stocks rebound from AI spending selloff, Nasdaq up 0.83%
Overview
US tech stocks recovered on Tuesday, ending a brief selloff that began the previous week over AI spending.
The S&P 500 rose 0.37% and the Nasdaq gained 0.83%, according to The Guardian. Nvidia rose 2.3% after four sessions of losses, and chipmakers Advanced Micro Devices, Broadcom and Micron Technology also gained.
The Nasdaq had its largest monthly decline since March 2025 in October, according to the report. Apple fell 1.9% after forecasting a weaker-than-expected margin because of higher memory chip costs. Brent crude fell to $103 a barrel from $117 at the end of October.
Written by AI from the articles below · updated Nov 3, 6:33 PM ET
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- The Guardian · AINewsUS tech stocks rebound after AI spending selloff, Nasdaq gains 0.83%
AIThe S&P 500 rose 0.37% and the Nasdaq gained 0.83% on Tuesday as tech stocks recovered from a brief AI-driven selloff. Nvidia rose 2.3% after four sessions of losses, while Apple fell 1.9% after forecasting a weaker-than-expected margin due to higher memory chip costs. Brent crude fell to $103 a barrel from $117 at the end of October.
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