Nasdaq Futures Rally as Chip Stocks Bounce Back From the Rout

Nasdaq futures rallied on Friday morning, November 6, 2026, as the chip stocks that led Thursday's historic AI rout bounced in premarket trading — Nvidia up more than 4%, with AMD, Micron, Intel and Broadcom gaining between 5% and 8.3%. After the Nasdaq Composite's deepest one-day fall in 19 months pushed it into correction territory, bargain hunters stepped in. But the bounce is narrow: Dow futures kept falling, and everything now hinges on the October jobs report at 8:30 a.m. ET.

The Short Answer

What is happening? U.S. stock futures diverged on Friday. At 4:14 a.m. ET, Nasdaq 100 futures were up 1.48%, S&P 500 futures were up 0.39%, and Dow futures were down 0.66%, according to Reuters. A later Dow Jones update at 5:14 a.m. ET put Nasdaq futures up 1.8% and S&P 500 futures up 0.6%, with the Dow still set to extend its declines. The rebound is concentrated in semiconductors — the same stocks that were crushed a day earlier.

What Happened on Thursday

Thursday, November 5, was Wall Street's worst session in months. The Nasdaq Composite plunged 5.52%, its deepest one-day drop in 19 months, closing more than 10% below its October record and confirming a correction. The S&P 500 fell 4.36% and the Dow dropped 3.44%. Reuters reported the technology-led rout wiped nearly $3 trillion off the market value of S&P 500 companies, while the VIX volatility index jumped about 70% to 28.18.

The trigger was political as much as financial. Democrats' sweep of both chambers of Congress in Tuesday's midterms raised fears of tougher regulation of AI data centres — the infrastructure spending that has powered the chip boom. Micron and AMD each fell about 17% on Thursday, and Nvidia clocked its biggest one-day fall since January 2025, when China's low-cost DeepSeek AI model rattled Wall Street.

Why the Bounce Is Blowing Up

The premarket rebound matters because of its speed and its narrowness. Within hours of the close, the most-sold stocks became the most-bought: chip and memory shares led the recovery, optical and semiconductor-equipment names joined in, and in Europe ASML — the continent's most valuable company — added 3.6% after two days of heavy selling. Traders described Thursday's selloff as reactionary, driven by worries about AI spending, policy and inflation rather than any collapse in chip demand.

At the same time, the bounce has not spread. Dow futures fell even as Nasdaq futures climbed, European index futures were lower earlier in the morning, and Asian markets had already closed deep in the red. That split is why the move is watched so closely: it looks like dip-buying in one crowded trade, not a broad return of confidence.

Key Facts

• Nasdaq 100 futures: up 1.48% at 4:14 a.m. ET (Reuters), and up 1.8% in the 5:14 a.m. ET Dow Jones update.
• S&P 500 futures: up 0.39% to 0.6% across the same snapshots; Dow futures: down 0.66%, set to extend declines.
• Nvidia: up 3.6% premarket in the Reuters snapshot and more than 4% in the later update, after its biggest one-day fall since January 2025.
• Other chips: AMD, Intel, Broadcom and Micron up between 5% and 8.3% premarket, after falls of up to about 17% on Thursday.
• Thursday's damage: Nasdaq Composite -5.52% (correction confirmed), S&P 500 -4.36%, Dow -3.44%; nearly $3 trillion wiped off S&P 500 market value.
• Next catalyst: October jobs report at 8:30 a.m. ET; consensus expects about 59,000 new jobs with unemployment steady at 4.2%, and traders price a more than 65% chance of a December rate hike, per CME FedWatch via Reuters.

Sources: Reuters, Morningstar / Dow Jones Newswires, TipRanks, DevDiscourse (Reuters).

What's Next

The jobs report is the test. A payrolls print near the expected 59,000 would keep the December rate-hike debate alive without adding a new shock; a much stronger or weaker number could either extend the chip bounce or restart the selling before the opening bell. Futures moves in thin premarket trading also reverse easily at the 9:30 a.m. open, so the first hour of regular trading — and whether the Dow and broader market join the tech rebound — will show whether Friday is a genuine stabilisation or just a pause in the AI unwind. This article reports market moves only and is not financial advice.

FAQ

Why are Nasdaq futures up today?

Chip stocks that were sold off heavily on Thursday — Nvidia, AMD, Micron, Intel and Broadcom — rebounded in premarket trading as buyers stepped in after the Nasdaq's worst day in 19 months, lifting Nasdaq 100 futures by roughly 1.5% to 1.8% on Friday morning.

Is the stock market crash over?

It is too early to say. The rebound is narrow — Dow futures kept falling and Asian markets closed sharply lower — and the October jobs report at 8:30 a.m. ET could reverse the premarket gains.

What caused Thursday's selloff?

Fears that a Democrat-controlled Congress could impose tougher rules on AI data centres hit the AI and semiconductor trade, sending the Nasdaq down 5.52% into correction territory and wiping nearly $3 trillion off S&P 500 market value.

What time is the October jobs report?

The U.S. October nonfarm payrolls report is released at 8:30 a.m. ET on Friday, November 6, 2026. Economists expect about 59,000 jobs added, with unemployment steady at 4.2%.