U.S. markets are set to move higher after a sharp selloff that hit chip stocks, with a key focus on fears of tougher artificial intelligence regulation. BNN Bloomberg reports the Nasdaq is expected to open higher on Friday as chip shares pare earlier losses, following concerns that a Democratic-led U.S. Congress could tighten AI rules.
Both outlets link the volatility to the outlook for U.S. policy on AI, but they emphasize different drivers. BNN Bloomberg adds that a jobs report also lifts interest-rate hike worries, which can weigh on technology stocks. The West Australian says markets open higher as chip stocks recover and points to midterm results as the reason investors anticipate tougher AI regulation, without highlighting the jobs data.
