U.S. AI hardware stocks rebound, Philadelphia Semiconductor Index rises 6.5%

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On-chain data shows that U.S. AI hardware stocks rebounded on November 6, 2026, with the Philadelphia Semiconductor Index rising 6.57%. AMD, SanDisk, Seagate Technology, and Micron Technology all gained over 6%. The Nasdaq Composite had previously fallen 5.5% earlier in the week, reflecting a shift in the Fear & Greed Index.
CoinDesk reports:

IT Home, November 6: Following the opening of U.S. markets today, the AI hardware industry chain rebounded across the board, with the Philadelphia Semiconductor Index rising as much as 6.57%.

Individually, AMD rose 13.2%, SanDisk rose 11.75%, Seagate Technology rose 6.34%, Micron Technology rose 9.07%, Marvell Technology rose 9.46%, and Lumentum rose 9.58%; NVIDIA rose 6.44%, TSMC rose 7.55%, and Broadcom rose 4.56%.

IT Home noted that U.S. stocks related to the AI sector experienced a sharp decline on Thursday local time, with the Dow Jones Industrial Average closing down over 1,800 points, or approximately 3.4%; the S&P 500 fell 4.4%; and the Nasdaq Composite plummeted 5.5%, marking its largest single-day drop since April 2025 and entering a technical correction zone.

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