Nasdaq Rebounds as Nvidia Surges Following AI Sector Selloff

Key Facts

The Nasdaq Composite rose 1.73% driven by a 5.6% surge in Nvidia shares. Reuters reported that this rebound follows a historic selloff that erased nearly $3 trillion in market value from S&P 500 companies, as investors returned to semiconductor leaders.

The Philadelphia Semiconductor Index advanced 4.6% as chip stocks recovered from previous losses. Nvidia was trading at $188.435 on November 6, 2026, while TSM was trading at $374.02 on the same date. Additionally, AMD closed at $404.4 and INTC closed at $52.25 on November 5, 2026.

Traders are awaiting the release of the Consumer Price Index (CPI SA) data on November 10, 2026, which will provide further clarity on inflation trends. The economic calendar also features a speech by Fed Governor Waller on the same day, potentially impacting monetary policy expectations.