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Software stocks and the broader Nasdaq Composite rose more than 1% as dip-buyers rushed into the market after days of intense selling.
The S&P 500 rose 1.97%, its best day since May as it rebounded from a week of dramatic selling, triggered by fears of how the AI boom will change the economy.
IREN stock has been hit by concern over its cryptocurrency mining operations, even as it pivots toward artificial-intelligence computing.
The stock market continued its plunge Feb. 5 amid investor concerns that experts attributed to increased uncertainty.
Bitcoin’s selloff means Strategy is now losing money on its holdings, which it has been accumulating for nearly six years.
The recent 10% drop in Micron (MU) to $370 has sparked a discussion: is this an ideal entry point into an AI-supercycle or a fundamental decline due to competition
By Kashish Tandon and Vivek Kumar M BENGALURU, Feb 6 (Reuters) - Indian software exporters plunged another 2% on Friday and looked set to end a tumultuous week that has seen $22.5 billion in market value losses on growing fears that new AI tools could severely disrupt the country's IT outsourcing industry.