● IndustryNov 7, 2026 · 12:538 sources
Nasdaq Rebounds 1.1% on Chip Rally to End Fourth Straight Losing Week
From huggingnews.com
AI;DR
The Nasdaq Composite rose 1.09% on Friday as dip buyers stepped into semiconductor stocks, though the index still ended with a fourth straight weekly loss and the S&P 500 posted a 2.7% weekly drop, its worst since April 2025. The Philadelphia Semiconductor Index climbed 4.21% on the day, led by AMD jumping 11% to $449.04, Lam Research gaining 8%, Intel rising 7.7%, Micron advancing 5.1% to $690 and Nvidia adding 2.8% to $186.64. For the session, the S&P 500 edged up 0.31%, while the Dow Jones Industrial Average fell 237 points, or 0.46%.
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- SUPPORT@kalshi_finance“The Philly semiconductor index rebounded 4.21%. $AMD surged 11% to $449.04, $INTC rose 7.7%, and $MU gained 5.1% to $690.”x.com
- SUPPORT@ljkawa““Restrict” data centers ahead in 10/10 ballot measures so far”x.com
- SUPPORT@politicalmath“this is also the first big election where AI policy went to a vote and AI lost big”x.com
- SUPPORT@katiemiller“By Wednesday morning, senior leaders at OpenAI were discussing whether the results meant the company would have to reset expectations regarding its data center capacity next year, according to a person familiar with the conversation.”x.com
- SUPPORT@stocksavvyshay“All she wants is to pause new development until communities have more control and developers cover more of their infrastructure costs which is very different from permanently banning new projects.”x.com
- SUPPORT@shanumathew93“She said the proposed pause on data centers would apply to new permits while lawmakers work on protections, rather than stopping projects already under construction.”x.com
- SUPPORT@polymarket“Bernie Sanders reiterates calls for a nationwide ban on new AI data centers, a pause on advanced AI development, & a ban on superintelligence.”x.com