US technology stocks went from a brutal selloff to a sharp recovery in just two trading sessions, leaving investors wondering whether the worst is over for semiconductor shares. Nvidia, AMD, Intel and Micron Technology were among the biggest movers, with several chipmakers recovering between 5% and 11% on Friday after suffering steep losses a day earlier.
The dramatic swings came amid growing uncertainty over the artificial intelligence (AI) trade, particularly concerns about data centre expansion, regulation and the sustainability of investment in the sector.
While Friday's rebound offered some relief, it was not enough to erase the damage from Thursday's rout. The S&P 500 ended the week 2.7% lower, its biggest weekly decline since April 2025.
On Friday, November 6, 2026, Wall Street staged a mixed and volatile recovery as investors bought beaten-down technology and semiconductor stocks. The rebound halted the multi-day global market rout triggered by concerns surrounding the US midterm election results, although gains remained uneven across indices.
The S&P 500 rose 0.31%, or 23.13 points, to close at 7,376.86, trimming some of its weekly losses. The Dow Jones Industrial Average, however, fell 237.33 points, or 0.46%, to end at 51,285.73, weighed down by weakness in cyclical stocks and healthcare shares.