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US tech stocks climb as AI enthusiasm returns after midterm losses
US stocks extended their gains on Wednesday as excitement over artificial intelligence came back. The tech-heavy Nasdaq 100 briefly erased the losses it had suffered after the US midterm election.
US stocks extended their gains on Wednesday. The technology-heavy Nasdaq 100 index briefly erased the losses it had suffered after the US midterm election. Excitement over the AI trade came back, and tech shares rose clearly.
The swings in AI-linked shares have been called AI whiplash, a sharp back-and-forth in prices. That back-and-forth is seen as a major test for Wall Street's dip-buying habit, meaning the habit of buying shares after their prices fall.
Nasdaq Composite25,189.46down −5.63%over 1 monthPrices can be delayed by 15 minutes or more. Past moves say nothing about future ones.
Tech stocks are poised to erase their losses from the midterm election as the AI trade returns. The move shows how quickly technology prices can change direction.
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