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Nasdaq Rebounds as AI Stocks Rally on Bargain Buying

U.S. stocks rebounded on Nov. 6, with the tech-heavy Nasdaq composite index rising 264.43 points (1.09%) to 24,579.42, while the S&P 500 gained 23.13 points (0.31%) to 7,376.86, according to Chosun Ilbo. The rally was led by AI-related tech stocks, with Nvidia and AMD attracting bargain buying; AMD jumped 11%, as Kyunghyang Shinmun reports. The recovery followed a two-day sell-off triggered by concerns over stricter data-center regulation after the Democratic Party's midterm election victory, though worries about AI industry regulation and U.S. rate hikes remain, per Dong-A Ilbo and Kyunghyang Shinmun. Korean markets did not share the rebound: Yonhap reports Seoul stocks crashed for a second consecutive session on Nov. 6 amid the AI rout.

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