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Fri, 06 Nov 2026

Fri, 06 Nov 2026 AI stocks climb after trillions wiped from market values

Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development.
The Nasdaq index closed up 1.1% on Friday, reversing some of its previous day's fall. US jobs figures were stronger than expected, with 165,000 new positions added to the economy in September. This and other factors helped ease concerns over a Democrat victory potentially leading to slower AI development. Companies like Nvidia, SpaceX, and Tesla regained some ground on Friday after previously losing hundreds of billions in market value.