US stocks rebound Thursday after tech selloff

The rebound follows a multi-day selloff in tech shares, driven by fears that the AI-driven data center buildout could falter. Weak consumer demand and high inflation have made investors wary of the debt-funded spending that has been powering the US economy. Thursday's producer price data, showing the fastest increase in four years in September, added to expectations of a rate hike this month. Even bumper earnings from AI-exposed firms this week did not ease those concerns. Still, some major AI spenders appear undeterred: TSMC said it is building plants at an "unprecedented pace" and may expand further in the US on "extremely robust" AI demand, suggesting parts of the supply chain remain confident despite the market jitters.