Economy
Nvidia stock rebounds 7% after sharp midterm-induced sell-off

Nvidia stock rebounds 7% after sharp midterm-induced sell-off

Livemint1h
THE BRIEF
1

Nvidia shares surged 7.3% on Friday to $194.90, recovering after a 9.3% single-day decline caused by concerns over Democrat-led regulatory oversight on data centers.

2

The recent volatility followed the midterm elections, which investors fear may lead to tighter restrictions on the expansion of AI infrastructure.

3

Despite the rebound, Nvidia's stock remains 25% below its October peak, limiting its year-to-date gains to 1.32% as scrutiny of AI-related cash burn intensifies.