Market Flux
Open the Terminal

Top Mover

AMD Surges Up to 13% in Rebound After 17.3% Election-Night Collapse as Lisa Su Calls Selloff Short-Sighted

By Market Flux··1 min read
Read this in the Market Flux app

Advanced Micro Devices, Inc. $AMD

$447.69+10.77%as of publication

5D Change
-11.35%
Market Cap
$660.17B

Advanced Micro Devices fell 17.3% on Thursday, November 5, as a Democratic sweep in the U.S. midterm elections sparked a $3.2 trillion AI-sector rout, the worst single-day tech wipeout since 2020. The Philadelphia Semiconductor Index lost 12.2% on the day, with the Nasdaq 100 dropping 6.36%, its steepest decline in six years. Investors fled chip stocks on fears that a Democratic-controlled Congress would impose restrictions on AI data center construction and tighten oversight of the AI industry, though no legislation had been formally introduced.

AMD rebounded sharply on Friday, November 6, with the stock climbing as much as 13.4% intraday to around $437 and recording 854,620 shares in pre-market volume alone. The broader chip sector moved with it: Micron gained roughly 9%, Intel 6%, Nvidia 5%, and the iShares Semiconductor ETF rose nearly 6%. The recovery came ahead of the November nonfarm payrolls report and was described by analysts as a relief rally, with the Nasdaq 100 futures gaining 1.3% and the S&P 500 adding about 1.2% on the session. Money flow data showed the gains concentrated almost entirely in AI and semiconductor names, with the Dow and small caps largely flat and defensive stocks such as Walmart and Procter and Gamble in the red.

AMD CEO Lisa Su publicly pushed back on the market reaction, saying investors were being

© AI-generated summary is provided by Market Flux

Sources

  1. Yahoo FinanceNvidia, AMD, and Micron stocks lead chip sector higher following worst sell-off since 2020
  2. Seeking AlphaAMD: AI Carnage Could Unveil The Golden Buying Opportunity (Rating Upgrade)
  3. AshCryptoOne X post triggered a $3 trillion sell-off. Nasdaq crashed -6%, the largest single day crash in the last 6 years. Let's separate facts from panic 🧵 1/ FACT: Democrats won both chambers of Congress on Tuesday. FACT: Markets fear a Democratic Congress could slow the AI and data center boom with more scrutiny. PANIC? there's a plan to fully ban AI. 2/ Where did the "ban" talk come from? Congresswoman Yassamin Ansari posted on X calling for a "pause on advanced AI development" as a day 1 priority. Just one post from one House member. NO BILL HAS BEEN OFFICIALLY INTRODUCED 3/ Markets don't wait for bills. The chip index fell over 10%. Nvidia dropped 8%. Micron and AMD fell double digits. Qualcomm sank after weak smartphone chip sales. The VIX, Wall Street's fear gauge, jumped over 50% to its highest since March. 4/ Crypto caught the same wave. Bitcoin slid to a three-month low under $76,000 and ETH fell over 5%. The selling spread from AI stocks straight into crypto. 5/ My take: This is just a traditional fear trade, not a policy change. The new Congress isn't sworn in until January, and no AI ban exists. Markets are overreacting to headlines. They are not going to completely ban the companies; any pause will likely target advanced AI that could be dangerous. So relax, AI is still the greatest technological revolution in human history. This crash is just correcting the valuations of AI companies which was overdue from a long time.
  4. MarketwatchNvidia, AMD and other chip stocks rebound. Is the ‘violent’ AI selloff over?
  5. MarketsdayUS Stock Market – #STOCKS to Watch for 6th NOVEMBER 2026 - November 06, 2026 🔹 NVIDIA $NVDA drew heavy trader focus after plunging 9.3% amid a massive tech sell-off, with analysts debating whether its 13x forward P/E ratio makes the stock undervalued or reflects inflated earnings. 🔹 Micron Technology $MU and Advanced Micro Devices $AMD captured intense market scrutiny after cratering 17% and 17.3%, respectively, amid regulatory and hardware capex concerns. 🔹 Alphabet $GOOGL remained in the spotlight alongside Amazon $AMZN as investors monitored mega-cap tech resilience following a $2.5 trillion market-wide correction. 🔹 CoreWeave drew close attention as a private neocloud player that slid 10% in the previous session, highlighting stress across decentralized AI infrastructure providers. 🔹 Moderna $MRNA saw high volatility ahead of its broadcast appearance on CNBC's Squawk Box following multi-month rallies. 🔹 Humana $HUM, Under Armour $UAA, and Bloomin’ Brands $BLMN took center stage as key pre-market earnings reporters with high option-implied moves and consumer health implications. 🔹 Chord Energy $CHRD and Murphy Oil $MUR attracted defensive investor attention as resilient energy alternatives while Brent crude futures bounced back toward $98. #USStockMarket #StocksToWatch #NVIDIA #TechSelloff #WallStreet #Investing #Markets
  6. 24/7 Wall StreetElon Musk's Net Worth Drops Nearly $80 Billion In A Day As Tesla And SpaceX Stock Crater During Tech Wipe-Out
  7. InvezzNvidia, AMD and Intel stocks rebound sharply: is Wall Street's AI panic easing?
  8. FinboldNvidia or AMD? We asked AI which stock is better positioned for 2027
Show 15 more
  1. NasdaqIs AMD Stock a Buy After the Spectacular Investor Update?
  2. DeItaoneUS CHIP STOCKS SURGE AS AI SECTOR REBOUNDS FROM BRUTAL SELLOFF Semiconductor stocks rallied sharply in Friday's premarket, with the iShares Semiconductor ETF up nearly 5% and Nasdaq 100 futures gaining 1.3%. Lam Research +9%, Micron +7.5%, Marvell +7%, AMD and Applied Materials +6%, while CoreWeave rebounded 6.3%. The recovery follows Thursday's AI rout and heavy Asian losses, with South Korea's KOSPI closing down over 6%.
  3. BarronsIntel, Sandisk, AMD, Airbnb, Monster, and More Stocks That Explain Today's Market
  4. InvestingForm 4 Advanced Micro Devices For: 6 November
  5. WallstengineChip stocks are seeing a bit of a bounce in premarket trading ahead of the nonfarm payrolls report, following Thursday's AI-led rout: Micron +9.2% AMD +8.3% Intel +6.2% Nvidia +5% Broadcom +4.9%
  6. ZerohedgePremarket movers Mag 7 stocks are mixed, with Nvidia leading gains among Magnificent Seven peers during the AI infrastructure rebound: Nvidia (NVDA) +4%, Tesla (TSLA) +1.7%, Alphabet (GOOGL) -0.1%, Meta Platforms (META) +0.01%, Apple (AAPL) -1.2%, Amazon (AMZN) -0.8%, Microsoft (MSFT) -0.7% Artificial intelligence infrastructure stocks are set for a rebound after tech stocks wiped out $2.3 trillion in market value in Thursday’s rout. Among notable movers: Micron (MU) +8%, AMD (AMD) +8%, Intel (INTC) +6% Among notable movers: Micron (MU) +7.8%, AMD (AMD) +7.1% Intel (INTC) +4.7%, Broadcom (AVGO) +4.4% Airbnb (ABNB) jumps 12% after the online travel agency gave an outlook for fourth-quarter revenue that exceeded the consensus estimate. Affirm (AFRM) falls 4% as investors looked past first quarter results that beat and instead focused on loan delinquencies at the buy-now-pay-later company. Akamai Technologies (AKAM) gains 7% with analysts positive on the software company’s results, which showed positive trends for its cloud business. Atlassian (TEAM) slumps 19% after the software company’s results were seen as underwhelming, with a disappointing outlook. Axon (AXON) sinks 9% after the maker of wearable video cameras for law enforcement gave a current-quarter forecast for adjusted Ebitda and revenue that fell short of analysts’ expectations. Cloudflare (NET) is up 18% after the software company raised its full-year forecast across key metrics. Dentsply Sirona (XRAY) slumps 14% after the dental equipment maker slashed its profit forecast for the full year. The guidance missed the average analyst estimate. DraftKings (DKNG) tumbles 20% after the sports-betting company’s 2027 adjusted Ebitda forecast missed the average analyst estimate. JFrog (FROG) climbs 23% after the digital security provider predicted its fastest revenue growth in four years. Guardant Health (GH) slumps 7% after the diagnostic test maker posted reported volume growth for its Shield cancer test that analysts found short of investor expectations. IonQ (IONQ) gains 8% after the quantum computing company’s results and forecast underlined positive demand trends. Lyft (LYFT) falls 7% after the ride-hailing company gave a current quarter ride bookings and earnings forecast that came in largely in line with expectations. Moderna (MRNA) rises 3% after the vaccinemaker boosted its revenue growth guidance for the full year. Monster Beverage (MNST) slides 6% as the energy drink distributor reported a miss on third-quarter gross margin. Natera (NTRA) sinks 14% after the cancer test maker said CEO Steve Chapman was stepping down effectively immediately and succeeded by Solomon Moshkevich. Analysts view the CEO change as a surprise that overshadows the firm’s third-quarter results. Under Armour (UAA) falls 13% after the athletic apparel and footwear company reduced its year gross margin forecast, citing higher costs. Workiva (WK) falls 18% after the software company’s results were seen as adding to concerns about its growth.
  7. SeekingAlphaAMD: Great Q3 Earnings, But 70% Downside Is Not Unrealistic $AMD #markets #stockmarket #business
  8. JesseCohenInvUS CHIP STOCKS SURGE AS PREMARKET REBOUND ACCELERATES Semiconductor stocks extend Friday's premarket gains: 🔸 $MU: +9.2% 🔸 $AMD: +8.3% 🔸 $ARM: +7.4% 🔸 $INTC: +6.2% 🔸 $NVDA: +5.0% 🔸 $AVGO: +4.9% 🔸 $QCOM: +3.4% 🔸 $SOXX: +5.9% Are we back?
  9. Financial TimesUK retail investors buy the dip after bruising tech sell-off
  10. BenzingaMicron, AMD, SanDisk Lead AI Stock Bounce as Investors Buy the Dip
  11. Cablefxmacro🔺🤖 NVIDIA UP 6.1%, BROADCOM UP 4.4%, MICRON TECHNOLOGY UP 6.7%, ADVANCED MICRO DEVICES UP 10%
  12. BullTheoryioMoney is moving back into AI stocks today. The S&P 500 is up 1.2%, adding about $850 billion, and the Nasdaq 100 is up 2.5%. Almost all of it is coming from tech. • Nvidia: +7%, +$305 billion • Alphabet: +3.1%, +$107 billion • AMD: +13.4%, +$89 billion • Micron: +8.4%, +$62 billion • Intel: +9% • Dell: +10.4% The semiconductor index is up over 6%. But the rest of the market isn't moving with it. More S&P 500 stocks are down today than up, and the Dow and small caps are flat. The safe stocks like Walmart, Procter & Gamble, Coca-Cola and J&J, are all in the red. So this isn't the whole market recovering. It's money going straight back into AI.
  13. Market WatchNvidia, AMD and other chip stocks rebound. Is the ‘violent' AI selloff over?
  14. MarketRebelsActive options: $NVDA $TSLA $MU $SPCX $INTC $AAPL $AMD $AMZN $PLTR $GOOGL $CRWV $META $IREN $SOFI $HOOD
  15. WatcherGuruJUST IN: Apple $AAPL and $META reject OKX plans to tokenize their stocks, bringing the total to 67 companies. • Dell • IBM • KLA • Nike • Intel • IonQ • AMD • IREN • Tesla • Meta • Intuit • Apple • Nvidia • Adobe • Oracle • Reddit • Netflix • Eli Lilly • Costco • Nebius • Boeing • Verizon • Palantir • SpaceX • Corning • Sandisk • Amazon • Carnival • Walmart • Moderna • Alphabet • AppLovin • Microsoft • JPMorgan • Broadcom • Caterpillar • Coca-Cola • Qualcomm • Rocket Lab • S&P Global • CoreWeave • Wells Fargo • Supermicro • GE Vernova • McDonald's • ServiceNow • CrowdStrike • Cigna Group • Home Depot • Arm Holdings • Bloom Energy • Lam Research • Applied Digital • Cisco Systems • Arcos Dorados • Western Digital • USA Rare Earth • Goldman Sachs • Applied Materials • SoFi Technologies • Cerebras Systems • Micron Technology • Palo Alto Networks • Marvell Technology • UnitedHealth Group • Applied Optoelectronics • Hewlett Packard Enterprise