LONDON: US and European stock markets recovered Friday following a tech stocks rout triggered by growing unease about the billions being spent on artificial intelligence. The recent tech selloff has hit other risk assets, with bitcoin falling further and wiping out all the gains built up since Donald Trump's US presidential election win. "After Thursday’s rout, another recovery is on the cards for markets today," said XTB research director Kathleen Brooks. However not all tech stocks were bouncing back. "It's been a week from hell for tech stocks as AI spending plans caused upset across global markets," said Russ Mould, investment director at AJ Bell.

Source: Indian Express February 06, 2026 22:21 UTC