CNBC Daily Open: Tech investors buy the dip
The Nasdaq Composite rallied, but some companies are still off the menu for investors, like Coreweave, while Oracle bonds are coming close to junk territory.
TL;DR
- The Nasdaq Composite saw a rally as investors cautiously returned to the tech sector after a difficult week.
- Debt concerns remain a significant worry for the tech industry, affecting companies like CoreWeave and Oracle.
- Several planned tech IPOs have been postponed, with OpenAI ruling out a 2026 debut and other offerings delayed.
- Elon Musk announced his intention to gift one SpaceX share to every child in the U.S. next year.
- President Trump expressed willingness to meet with Russian President Putin and Chinese President Xi Jinping to discuss ending the Ukraine war.