Wall Street rebounds as chipmakers rally, indexes end week lower
Business
Wall Street had a solid rebound on Friday after hitting an 18-month low, mainly because semiconductor stocks finally caught a break.
Chipmakers like NVIDIA, AMD, Intel, and Micron saw their shares jump (some by as much as 11%). Even Tesla and SpaceX joined the rally.
Still, despite Friday's comeback, all the major stock indexes ended the week in the red after earlier losses.
Investors uneasy over US AI regulation
Investors are still pretty uneasy about possible new AI regulations in the US especially with states like Texas looking at tighter oversight of the AI industry.
That uncertainty is keeping markets on edge, so expect more ups and downs ahead.