Nvidia, AMD and Intel rebound after AI-driven selloff

Nvidia, AMD and Intel rebounded sharply in Friday premarket trading after a major semiconductor selloff, as investors sought bargains amid ongoing concerns about the AI boom. Nvidia rose over 4%, AMD gained more than 7%, and Intel climbed about 5% following Thursday's steep losses, when Nvidia fell 9.26%, AMD dropped 17.26%, and Intel declined 10.33%. The Philadelphia Semiconductor Index plunged 12.25%, while the Nasdaq Composite entered correction territory with a 5.52% decline. The selloff was driven by worries over AI data center financing and political permitting issues, though AMD reported strong third-quarter results with data center sales up 97%. Intel's recovery faces headwinds from weak PC demand, and analysts cautioned that oversold bounces don't necessarily resolve underlying risks.