US tech stocks recover after selloff spooks investors over AI spending
U.S. tech shares rebounded after a sharp sell‑off that rattled investors concerned about rising AI costs. The decline began after a Fed rate hike announcement, prompting fears that high AI spending would strain corporate profits. The rally was driven by big‑cap names such as Apple, Microsoft, and Alphabet, which regained several points. Market watchers warn that a Democratic win could bring stricter AI oversight.