AI stocks roar back as Wall Street shrugs off post‑election selloff

On November 11, U.S. equities staged a strong rebound led by the same artificial‑intelligence names that drove last week’s sharp selloff. The tech‑heavy Nasdaq Composite jumped about 1.6%, outpacing gains in the S&P 500 and Dow and clawing back most of the prior week’s losses. Investors who had dumped AI beneficiaries after the U.S. midterm elections—on fears of tougher scrutiny of the AI investment boom—returned to growth stocks as earnings and company‑specific stories moved back into focus.

The mood, however, is far from outright euphoria. Treasury yields remain elevated, and markets are still pricing a meaningful chance of further Federal Reserve tightening, keeping rate‑sensitive sectors on edge. Flows have rotated back into high‑growth semiconductor, cloud and data‑center names tied to AI, but interest in defensive, dividend‑oriented shares remains resilient, underscoring a highly selective market. Overseas, major benchmarks in Europe and Asia followed Wall Street higher, suggesting that, at least for now, global equity markets are stabilizing after a bruising bout of post‑election volatility.