🟢 Growth ETF (QQQM) is trading 2% up as chip stocks recover from steep Thursday losses

QQQM is trading at $272.21 (+2.01%) as chip stocks rebound after steep Thursday losses.

• The rebound follows a technology-led selloff tied to investor concerns about potential AI regulation and data-center restrictions after the Democratic midterm sweep.
• Strong October payrolls and higher Treasury yields add a countervailing rate concern for growth stocks.