AI Stocks Rally After Historic Trillion-Dollar Selloff

Artificial intelligence stocks rallied on Wednesday, November 11, 2026, recovering a large portion of the losses from a previous week's selloff that erased $2.5 trillion from the Nasdaq. The rebound was led by CoreWeave, which saw shares jump 25% following strong quarterly results and revenue projections between $13 billion and $13.3 billion.

Further momentum came from OpenAI reporting quarterly revenue of $10 billion and TSMC approving investments of up to $1 billion each for OpenAI and Anthropic. These developments lifted chip makers including Micron Technology, Intel, and AMD. Nvidia shares rose 2.9% despite an active board investigation into whether CEO Jensen Huang was targeted by foreign espionage.

While the AI sector surged, other segments struggled. Homebuilders declined as hot October inflation data raised interest rate expectations. Microsoft shares fell approximately 2.3% without a clear catalyst, though the company stated it would self-fund its data center build-out. Overall, the Nasdaq composite gained 1.6% and the S&P 500 climbed 1.3%.