AI stocks rebound after sharp market selloff
US AI stocks regained some ground on Friday after a sharp selloff tied to election and regulatory concerns, the BBC reports. The Nasdaq Composite was about 1.7% higher by midday after falling 5.5% in the previous session.
Nvidia rose about 4% after losing more than 9% on Thursday. AMD gained about 12% and Micron rose more than 8%, following declines of more than 17% for both chipmakers during the selloff. The S&P 500 was about 0.9% higher.
Markets outside the US remained lower. South Korea's Kospi closed down 6%, while SK Hynix fell more than 10%. Major indexes in Germany, France and Spain also declined, and the UK's FTSE 100 fell 1.01%.
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2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
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