U.S. stock markets attempted a recovery, with Nasdaq futures rising about 1.4%, seeking to ease the sharp tech sell-off recorded in the previous session. The move reflects investors stepping in to “buy the dip” after markets suffered their worst day in more than a year.
The strong relief rally comes right after a collapse that wiped out around US$ 2,5 to US$ 3 trillion in market value from American companies. The mass sell-off was triggered by regulatory fears in the artificial intelligence (AI) sector. Following the results of the midterm elections, the market anticipated potential restrictions and stricter rules for licensing and expanding large data centers.
The strong relief rally comes right after a collapse that wiped out around US$ 2,5 to US$ 3 trillion in market value from American companies. The mass sell-off was triggered by regulatory fears in the artificial intelligence (AI) sector. Following the results of the midterm elections, the market anticipated potential restrictions and stricter rules for licensing and expanding large data centers.
