Nasdaq and Chips Rebound

The Nasdaq rose 1.67% and the S&P 500 gained 1.01% on Friday as technology and chip stocks recovered from the previous session’s selloff; the Dow slipped 0.2%. Nvidia climbed 6.5%, while a semiconductor index rose more than 6% after falling over 12% on Thursday. Investors had weighed concerns that Democrats’ midterm victories could lead to tighter AI regulation and affect data center development.

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