EL7.AI
StocksMedium•10 November 2026•
1 min read

Nasdaq and Chip Stocks Rebound Despite Nvidia Decline

Key Facts

1The Nasdaq closed up 2.7% while the Philadelphia Semiconductor Index (SOX) surged nearly 6.9% to start the week.
2AMD and Broadcom shares surged 13.3% and 8.8% respectively, while Nvidia fell over 4% due to CEO-related controversy.

The Nasdaq closed up 2.7% while the Philadelphia Semiconductor Index (SOX) surged nearly 6.9% to start the week. According to investinglive.com, AMD and Broadcom shares recorded strong gains of 13.3% and 8.8% respectively, while Nvidia diverged from the trend, falling over 4% due to controversy surrounding CEO Jensen Huang.

AVGO closed at $319.48 and NVDA closed at $178.67 on November 9, 2026, while peer AMD closed at $508.58 and TSM finished at $388.62 on the same date. This rebound follows a punishing 12% decline for the tech sector last week, with the Nasdaq reclaiming key technical levels despite remaining slightly below its October finish.

Market participants are awaiting the US Consumer Price Index (CPI) report scheduled for November 10, 2026, with annual inflation forecasted at 3.9%, a data point that could influence upcoming Federal Reserve policy decisions.

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