CHAT is trading 1.4% up today as information technology stocks see a modest pre-market rebound following a sharp selloff driven by AI valuation concerns and weak enterprise IT spending signals.
- Nasdaq-100 futures suggest the move reflects bargain hunting and stabilization in growth stocks rather than a reaction to fresh macroeconomic data.
- Market sentiment remains cautious as tech investors look ahead to tomorrow’s critical PCE inflation release for further direction.
- With no major economic data due today, the sector is attempting to find a floor following the previous session's significant volatility.