# US technology shares rebound as AI spending concerns ease briefly

- URL: https://talkfuse.com/story/us-tech-stocks-recover-after-selloff-spooks-investors-over-ai-spending/
- Published: 2026-11-03T22:18:45+00:00
- Updated: 2026-11-03T22:33:48+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/nov/03/us-tech-stocks-recovery-ai-spending
- Topics: AI, Americas, Business, Elections, Markets, Politics, Technology, World

## Key points

- Tech stocks recovered after worries about AI spending.
- The Nasdaq rose 0.83%, while the Dow fell 0.38%.
- The Nasdaq had been 10% below its October record.

## Summary

US technology shares rebounded on Tuesday after a brief selloff over concerns about the scale and cost of investment in artificial intelligence. The recovery helped lift the Nasdaq and S&P 500, while the Dow fell as Apple shares dropped following a weaker margin forecast.

The Nasdaq rose 0.83% and the S&P 500 gained 0.37%, while the Dow slipped 0.38%; Nvidia and other chipmakers advanced. The selloff had taken the Nasdaq 10% below its 6 October record close, putting it in correction territory, but it ended Monday’s session there. Brent crude also fell to $103 a barrel from $117 at the end of October, and investors expected potential Democratic gains in the midterms could bring tighter AI regulation.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.