StocksMedium•6 November 2026•
1 min read
Tech Stocks Rebound as Nasdaq Gains 1.1% Led by Semiconductor Rally
Key Facts
1The Nasdaq rose 1.1% on Friday as tech stocks rebounded from post-election losses.
2Shares of AMD, Intel, and CoreWeave saw strong gains of 11%, 7.7%, and 6.3% respectively.
3Despite Friday's recovery, the Nasdaq ended the week down 3.4%.
The Nasdaq rose 1.1% on Friday as tech stocks rebounded from post-election losses. The Wall Street Journal reported that semiconductor shares led the recovery, with AMD gaining 11%, Intel rising 7.7%, and CoreWeave advancing 6.3%. Despite the Friday rebound, the Nasdaq ended the week with a total decline of 3.4%.
AMD closed at $404.40 on November 5, 2026, while Intel closed at $52.25 on the same date. In the broader semiconductor peer group, NVDA closed at $186.64 and TSM closed at $375.44 on November 6, 2026. This price action followed economic data released on November 6, 2026, showing the US unemployment rate fell to 4.1%.