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Tech Shares Rebound After Biggest Sector Selloff in Over a Year

Technology shares rose, recovering some ground after the sector’s biggest selloff in more than a year. The gains were modest, while Tesla and Alphabet’s drone-delivery unit Wing made separate announcements about their businesses.

By Money Talk·November 7, 2026·2 min read·76 reads

Tech Shares Rebound After Biggest Sector Selloff in Over a Year

Tesla will soon discontinue production of its Cybertruck, as sales of the stainless steel electric pickup have slowed.

Wing plans to invest up to $125 million over the next two years in a new manufacturing facility. The Alphabet Inc. unit is seeking to meet growing demand for quicker delivery.

Tech Shares Rebound After Biggest Sector Selloff in Over a Year

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