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Nasdaq opens higher as chip stocks attempt to recover from brutal losses

Nasdaq opens higher as chip stocks attempt to recover from brutal losses

The Nasdaq Composite opened higher on Friday after a sell-off hit artificial intelligence stocks and sent the exchange into correction territory during the prior trading session.The tech-heavy Nasdaq rose 1.28%, while the Dow Jones Industrial Average was 474 points, or 0.92% lower. The S&P 500 was up 0.38%.Technology and chip stocks were among those hardest hit on Thursday as investors weighed what Democrats' sweeping midterm election victories could mean for AI regulation and data center development.The sell-off came just one day after stocks rallied following the midterm elections."The o...

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