Chip stocks lead tech rebound as SpaceX, Tesla jump: AlphaCheck

Yahoo Finance · Ines Ferré · 2026-11-06 15:09 UTC

Semiconductor stocks led a rebound in the tech sector on Friday, following a wipeout in AI-related stocks.

Good morning. Stocks rebounded on Friday, led by a recovery in semiconductors, which were at the center of the AI-driven sell-off in the previous session. The Technology (XLK) sector rose as chip giants Nvidia (NVDA) and AMD (AMD) jumped 7% and 13%, respectively.

Shares of SpaceX (SPCX) and Tesla (TSLA) also bounced following a steep sell-off fueled by concerns over potential regulatory hurdles for the Elon Musk-led companies as Democrats took control of the House and Senate this week.

The 10-year Treasury (^TNX) yield jumped to 4.87% after a blowout monthly jobs report.

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