# Nasdaq Bounces as Chips Lead AI Revival

> AI chipmakers surge as Nasdaq rises on AI market revival.
- Title: Nasdaq Bounces as Chips Lead AI Revival · Kiplinger | Shortify
- Summary: AI chipmakers surge as Nasdaq rises on AI market revival. Nvidia and semiconductor stocks led Nasdaq up 0.8% as AI demand grows.
- Keywords: nasdaq, semiconductor, nvda, sp500, dow, market, ai boom, chipmakers, market cap, Kiplinger
- Source: Kiplinger — https://kiplinger.com/investing/stocks/nasdaq-bounces-as-chips-lead-ai-revival-stock-market-today
- Published: 2026-11-03T21:07:08+00:00
- Read time: 1 min
- Topics: nasdaq, ai, semiconductor, nvda, sp500, dow, market, ai boom, chipmakers, market cap
## Market Moves
The main equity indexes were mixed on the first Tuesday of November, though names related to the artificial intelligence trade lifted the Nasdaq Composite and the S&P 500 into the green.
## Nasdaq Rises
By the closing bell, the tech-heavy Nasdaq Composite had risen 0.8% to 25,372, and the broad-based S&P 500 was up 0.4% at 7,568.
## Dow Falls
But the blue-chip Dow Jones Industrial Average had slipped 0.4% to 51,786.
## Oil and Bonds
The front-month West Texas Intermediate crude oil futures contract was up 0.1% to $96.56 per barrel, amid continuing diplomatic efforts to end the war in the Middle East.
## Treasury Yields
Treasury yields were higher across the maturity spectrum, including the 2-year (+0.4 basis points, 4.623%), the 10-year (+6.4 bps, 4.958%) and the 30-year (+6.2 bps, 5.331%).
## Nvidia Surges
Nvidia (NVDA, +2.3%) was among the top two Dow Jones stocks as investors saw value amid an AI boom, as opposed to traps in an AI bust, particularly with regard to chipmakers.
## Semiconductor ETF
The VanEck Semiconductor ETF (SMH, +2.0%) ended a three-session losing streak.
## Microsoft and Sherwin-Williams
Fellow Magnificent 7 stock Microsoft (MSFT, +2.7%) set the pace for Papa Dow, while Sherwin-Williams (SHW, -3.3%) was the 30-stock index's biggest loser a day after the materials stock was its biggest winner.
## Apple and Palantir
Nvidia surged ahead of Apple (AAPL, -1.9%) in the global market cap leadership standings after the iPhone maker slid on concerns about slowing growth and shrinking margins in its core services business.
## Key takeaway

Nvidia and semiconductor stocks led Nasdaq up 0.8% as AI demand grows.