Business · Markets · 2 hrs ago
Nasdaq rises as investors buy back AI stocks after sharp losses
Investors bought technology and AI stocks back on Friday after several days of steep losses.
The Nasdaq rose 1.1% and the S&P 500 gained 0.3%, while the Dow fell 0.5%.
The sell-off followed US midterm election results and concerns about public opposition to AI, including fears about jobs and the resources used by data centres.
Chipmakers rebounded, with Nvidia up 3.6%, AMD up 9.9% and Intel up 7.4%.
A stronger-than-expected October jobs report, with unemployment at 4.1%, raised expectations of a December Fed rate increase.
Traders put the chance of a rate move in December at 78%, up from 70% before the jobs data.
Investors will continue weighing the prospects for AI stocks against the possible effect of higher interest rates.
The Nasdaq rose on Friday as investors bought technology and artificial-intelligence stocks after a sharp sell-off.
The Nasdaq gained 1.1% to 24,579 points, while the S&P 500 rose 0.3% and the Dow Jones fell 0.5%.
Semiconductor shares led the rebound, including gains for Nvidia, AMD and Intel.
The sell-off followed Democratic gains in US midterm elections and concerns about the future of AI investment and data-centre expansion.
A stronger-than-expected October jobs report increased market expectations of a Federal Reserve rate rise in December.
- Who
- Investors bought technology and AI stocks, including semiconductor shares.
- What
- The Nasdaq and S&P 500 rose as technology stocks recovered after a sell-off; the Dow Jones fell.
- When
- Friday, November 6, 2026.
- Where
- Wall Street, in the United States.
- Why
- Investors took advantage of recent price falls. The sell-off had followed election-related concerns about AI investment and data centres.
This story does not have two clearly opposing sides.
Democrats won a landslide victory in the US congressional elections, contributing to market uncertainty about AI.
A sharp sell-off hit technology stocks, with the Nasdaq 100 falling more than 6%.
Investors bought back some recently battered technology and semiconductor shares, lifting the Nasdaq and S&P 500.
A stronger-than-expected October jobs report fuelled speculation about a Federal Reserve rate rise in December.
- Nasdaq
- Up 1.1% to 24,579 points
- S&P 500
- Up 0.3% to 7,377 points
- Dow Jones
- Down 0.5% to 51,286 points
- Nvidia
- Up 3.6% according to n-tv; up 2.8% according to cash.ch
- AMD
- Up 9.9% according to n-tv; up 7.7% to 11% according to cash.ch
- US unemployment rate
- 4.1% in October
3 sources
What people are saying
We still believe that AI is the dominant theme in this bull market.
We assume that the AI investment cycle remains intact, company earnings growth remains stable and a positive global economic environment should support stock markets.
Those are strong numbers.