AI/tech selloff bounces; AI circularity and data-center scrutiny grow
After a bruising AI-led selloff, tech rebounded at Friday's open with Nvidia up as much as 7.3%, but concerns about circular AI financing and data-center lending persist.
What we know
Nvidia rebounded after falling 9.3% Thursday, and the Nasdaq 100 gained about 2.4%. JPMorgan's Ron Adler said the market is finally focusing on AI circularity, and the ECB is considering a review of bank data-center loans. Minervini flagged VIX at 28.5, and Thursday set a record for Cboe put volume. Hassett said there is plenty of room for data-center growth. Protesters broke into a Microsoft data center site in Amsterdam.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.