Chip stocks are bouncing back. One day after their worst crash since 2020, Nvidia, AMD, Micron and the rest of the semiconductor group rallied at Friday's open. Nvidia traded roughly 6% higher in early trading. But a much stronger-than-expected jobs report is keeping the rest of the market nervous, and the Dow opened lower.
Published November 6, 2026, shortly after the US market open. Early-trading numbers move fast; we'll update this article with the official closing prices after 4 p.m. ET.
Friday's open at a glance
| What | Move |
|---|---|
| Nvidia (NVDA) | About +6% in early trading (+3.6% to +4.2% before the open) |
| AMD, Intel, Broadcom, Micron | Up between 5% and 9% before the open |
| Nasdaq Composite | About +1.5% in early trading |
| Dow Jones | Lower, roughly -1% at times |
| October jobs report | +165,000 jobs vs about 65,000 expected; unemployment 4.1% |
How bad was Thursday?
Very. On Thursday, November 5, the Nasdaq fell 5.52% into correction territory. The Philadelphia Semiconductor Index, which tracks the big chip makers, dropped about 12%, its worst day since 2020. Nvidia fell 9.3% to $181.60, its biggest one-day drop since January 2025. AMD lost about 17%, Micron about 17.5% and Broadcom about 10%.
After a drop like that, a bounce the next day isn't unusual. Some traders see a big crash as a chance to buy, and others close out bets against the stocks to lock in profits. The question is whether the bounce holds.
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The jobs surprise
Friday's other big story came before the open. The US economy added 165,000 jobs in October, far more than the roughly 65,000 economists expected. Unemployment ticked down to 4.1% and wages rose 0.4% for the month. September's number was also revised higher.
A strong job market sounds like good news, and for the economy it is. But for markets it raises the chance that the Federal Reserve keeps interest rates high, or even raises them. Traders are now pricing in a better than 65% chance of a rate hike in December, according to the CME FedWatch tool. Higher rates usually hurt expensive tech stocks the most, which is why the bounce in chips came with a nervous Dow and higher bond yields.
What it means for Nvidia holders
A bounce of around 6% only wins back part of Thursday's 9% drop, so Nvidia is still well below where it was earlier this week. The next big moment is Nvidia's earnings report on November 17, which will show whether demand for AI chips is as strong as ever. Until then, expect more swings as traders react to every piece of news about AI spending and interest rates.
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What about Bitcoin?
Crypto hasn't bounced yet. Bitcoin was trading around $75,600 early Friday, down about 6% over 24 hours, after more than $1.2 billion in leveraged positions were wiped out. Sentiment is in "fear" territory. If chip stocks hold their gains through the day, Bitcoin has often followed tech higher, but nothing is guaranteed.
My take
A one-day bounce after a crash is normal, and it doesn't tell us the bottom is in. The jobs report adds a new worry: if rates stay higher for longer, expensive tech stocks could stay under pressure. I'd watch how the market closes today and what Nvidia says on November 17 before reading too much into one morning. This is not financial advice.
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Sources
- Reuters via Investing.com: Nasdaq futures rise as chip stocks stabilize investing.com
- Yahoo Finance: stock market today, November 6 finance.yahoo.com
- CNBC: US added 165,000 jobs in October cnbc.com
Written by the WIZY creator
A lifelong gamer and Warhammer painter from Calgary, Canada, and the maker of the Crusade Journal and the WIZY RPG game. I write about games, hardware, Warhammer and crypto in plain English, and I check every fact against its source.
