XLK is trading at $167.77 (+3.14%) as technology rebounds after Thursday’s sharp sell-off and investors reassess fears that post-election AI regulation could slow data-center development. - Nvidia and other chip stocks are leading the recovery after steep losses; Nvidia was up 3.6% in premarket trading, while several chipmakers gained 5%–8.3%. - A stronger-than-expected jobs report and rising Treasury yields are additional crosscurrents, not the primary reported catalyst.