US tech stocks recover after selloff spooks investors over AI spending

Midterms didn’t appear to have huge impact, though predicted wins for Democrats could mean more regulation

US tech stocks recover after selloff spooks investors over AI spending

TL;DR

  • US tech stocks recovered on Tuesday afternoon after a selloff related to AI spending concerns.
  • The midterm elections had little immediate impact on Wall Street.
  • The S&P 500 and Nasdaq saw gains, while the Dow experienced a slight drop.
  • Nvidia, Advanced Micro Devices, Broadcom, and Micron Technology saw share price increases.
  • The selloff ended a trend where the Nasdaq experienced its largest monthly decline since March 2025 in October.
  • Small drops in oil prices also contributed to investor relief.
  • Wall Street has seen significant growth this year, driven by AI investments.
  • Historical data suggests that markets tend to recover and perform well after elections.