Nvidia, AMD, and Intel rebound sharply as AI selloff eases

Shares of Nvidia, AMD, and Intel rebounded sharply in premarket trading on Friday, with Nvidia up over 4%, AMD gaining more than 7%, and Intel rising about 5%, as investors sought bargains after a severe semiconductor selloff. The recovery follows Thursday's steep declines, when Nvidia fell 9.26% to $181.60, AMD plunged 17.26% to $404.40, and Intel dropped 10.33% to $52.25. The Philadelphia Semiconductor Index lost 12.25%, and the Nasdaq Composite entered correction territory with a 5.52% drop, driven by concerns over AI data center financing and political uncertainty after Democratic election wins. AMD's strong quarterly results, including 97% growth in data center sales and a Q4 revenue forecast above expectations, supported its rebound. Intel's outlook remains weaker due to soft PC demand and supply constraints. Analysts cautioned that oversold conditions don't eliminate underlying risks, though some see the pullback as a correction rather than a sustained downturn.