The Dow hit 50,000 points for the first time on Friday as US stocks rebounded near the end of a week dogged by worries related to the artificial intelligence boom.

All three major equity indices were firmly in positive territory, with the Dow Industrial Average up 2.2 percent at 49,997.29 near 1955 GMT after earlier climbing above 50,000 points.

The broad-based S&P 500 advanced 1.7 percent to 6,915.17, while the tech-rich Nasdaq Composite Index jumped 1.9 percent to 22,959.64.

US stocks have been under pressure this week, with the Nasdaq falling the last three sessions following big drops in software equities and some tech giants related to the AI push.

On Friday, Amazon was the biggest loser on the Dow, falling 7.3 percent after announcing it planned $200 billion in capital spending in 2026 to build up AI capacities.

While investors continue to worry Amazon and other AI "hyperscalers" may not see a sufficient return on massive investments, their plans will bolster infrastructure, banking and other sectors.

Among the Dow companies, Caterpillar, 3M, JPMorgan Chase, Goldman Sachs sand Nvidia all rose at least four percent Friday. (AFP)