Technology exchange Nasdaq partially recovers after heavy losses, Musk saw more than 100 billion dollars in wealth evaporate

The Nasdaq partially recovered from significant losses, rising 1.4% after a 5.5% drop. Investors capitalized on lower stock prices, particularly in chip companies, amid fears of stricter AI regulations following the Democratic midterm victory. The S&P 500 index also showed a slight recovery, while the Dow Jones fell 0.7%. Concerns over AI investments persist, with critics suggesting a bubble in AI stocks. The tech sector lost over $2.5 trillion in market value, with Nvidia being the biggest loser. Tesla and SpaceX saw gains, while Airbnb's stock rose over 10% due to strong demand. Moderna also increased, while Under Armour faced declines due to disappointing results.