AI Stocks Bounce Back After a Rough Week for the Nasdaq
US tech shares are recovering from a selloff that wiped about $2.5 trillion off the Nasdaq. October hiring also came in stronger than economists had expected, per WSJ.
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what happened
According to the Wall Street Journal, the artificial intelligence trade has for now stopped its sharp slide after a heavy selloff on Thursday cut roughly $2.5 trillion from the Nasdaq. The tech-heavy index is up more than 1%, recovering part of Thursday's record losses.
Stocks that were hit hardest this week, including data-center operator CoreWeave and chip companies Intel, Nvidia, Micron and ARM Holdings, are rising. A jobs report showed 165,000 positions added in October and the unemployment rate dipping to 4.1%, both better than economists had forecast. Asian tech indexes caught up with Thursday's US losses, and SoftBank, one of OpenAI's largest backers, fell 10% in Tokyo.
The open question is whether the selloff was a temporary stumble or the start of a longer unwinding of the AI trade, especially after Democrats' decisive win in the midterm elections.
why it matters
For markets, the key issue is how durable the rebound proves. Large US tech companies carry heavy weight in major indexes, so their moves set the tone for broader equity sentiment.
market impact
US tech stocks: rebound after the selloff supports the Nasdaq
- Nasdaq pressure up — tech shares recovering from a sharp selloff
- Nvidia pressure up — chipmaker shares rising as the AI sector rebounds
tags
instruments
on polymarket
sources
- AI Stocks Rebound After Brutal Week for Nasdaq — WSJ, 6 November 2026 at 14:39 UTC
- AI Stocks Rebound After Brutal Week for Nasdaq — WSJ, 6 November 2026 at 17:27 UTC
- AI Stocks Rebound After Brutal Week for Nasdaq — WSJ, 6 November 2026 at 19:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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