AI, tech stocks bounce back after sharp selloff
BUZZ-AI, tech stocks bounce back after sharp selloff updates
** US AI and tech stocks recover premarket after Thursday's market rout
** The tech-heavy Nasdaq 100 Index .NDX shed $2.5 trillion in market value on Thursday, marking its steepest one-day drop since 'Liberation Day' in April 2025
** "The midterm election result muddied the waters as the Democrats now have more influence and could slow down the pace of data centre rollouts and look at new ways to regulate the sector," says Dan Coatsworth, head of markets at AJ Bell
NEOCLOUDS
** CoreWeave CRWV.O, which became the face of heavy AI spending and borrowing, is up almost 10% after slumping to a more than 18-month low on Thursday
** Peer Nebius NBIS.O advances 11.3%
** The Roundhill Neocloud ETF NCLD.O gains 10% after hitting a fresh all-time low in the prior session
SERVER MAKERS
** Server makers Dell DELL.K, Super Micro SMCI.O and Hewlett Packard HPE.N up between 6.1% and 8.6%
DATA CENTER OPERATORS
** IREN IREN.O surges 19% after posting a Q1 revenue beat
** TeraWulf WULF.O up 8.5% on Q3 revenue beat
** Core Scientific CORZ.O, Hut 8 Corp HUT.O and Cipher Digital CIFR.O gain between 5.3% and 12.3%
** The Global X Data Center & Digital Infrastructure ETF DTCR.O up over 17% YTD
DATA CENTER POWER SUPPLY CHAIN
** Energy infrastructure firm GE Vernova GEV.N and power producer Vistra VST.N rise 3.5% and 5.4%, respectively
(Reporting by Jayasree Prabhu)