Business · Markets · 1 hr ago
Nasdaq rises as chip stocks rebound and investors watch US election results
The Nasdaq rose on Tuesday as investors returned to chipmakers and other technology stocks.
Nvidia, AMD and other semiconductor shares gained, while the Dow Jones Industrial Average fell.
Apple shares dropped after the company warned that higher memory chip costs would pressure profit margins during the holiday quarter.
Technology shares had recently fallen as investors questioned whether heavy spending on artificial intelligence infrastructure would produce enough returns.
The US midterm elections were another focus because their results could affect government spending, taxes and regulation.
The election results were expected overnight in Central European time, and investors were watching for their possible effects on markets.
Analysts said election outcomes could influence some sectors, while company earnings and interest-rate expectations remain important drivers of the broader market.
The Nasdaq rose on Tuesday as investors returned to chipmakers and other technology stocks ahead of US midterm election results.
Apple shares fell after the company warned that higher memory chip costs would pressure its holiday-quarter margins.
Nvidia and other chip stocks gained, while the Dow Jones Industrial Average fell.
Investors remained cautious as they watched an election that could affect fiscal policy, taxation, regulation and government spending.
The technology rebound followed recent losses linked to concerns about whether artificial intelligence investments will generate sufficient returns.
- Who
- Investors traded US stocks, with chipmakers including Nvidia among the gainers and Apple among the decliners.
- What
- The Nasdaq rose as chip stocks rebounded, while Apple shares fell.
- When
- Tuesday, November 3, 2026, ahead of US midterm election results.
- Where
- US stock markets.
- Why
- Investors bought chip and AI-linked stocks after recent losses, while Apple came under pressure from higher memory chip costs. Investors also watched for potential election effects on government policy.
This story does not have two clearly opposing sides.
The Nasdaq 100 closed more than 10% below its October 6 record, entering correction territory.
Chip and AI-linked stocks rebounded as investors awaited US midterm election results.
Apple warned that rising memory chip costs would pressure its gross margin in the holiday quarter.
- Nasdaq Composite
- Rose 0.83% to 25,365.67, according to Economic Times
- S&P 500
- Rose 0.35% to 7,568.05, according to Economic Times
- Dow Jones Industrial Average
- Fell 0.40% to 51,782.29, according to Economic Times
- Nvidia
- Rose 2.3%, according to n-tv and cash.ch
- Apple
- Fell 1.9% according to n-tv and 2.2% according to cash.ch
- US midterm elections
- Voters chose members of Congress on Tuesday, November 3, 2026
5 sources
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Aktien New York Schluss: Nasdaq erholt sich dank guter Chiptitel etwas
US stocks today: Nasdaq rebounds as chipmakers rally, Apple slides ahead of US midterm results
What people are saying
This is a rotation from safe tech, like Apple, into riskier tech, like chipmakers
This will be good to put behind us as it has been an anticipated volatility event for quite some time