Tech stocks looked set to lead the broader market higher on Friday as a wild week for markets drew to a close.
The rapid rise of Chinese start-up DeepSeek’s new artificial intelligence model–seemingly made on the cheap–triggered a brutal selloff Monday, but tech stocks have pared back some of their losses since then.
Solid earnings from the likes of Facebook parent Meta Platforms and iPhone maker Apple have helped calm the nerves, as has the realization that cheaper AI could actually boost earnings over the long term.