Wall Street is cautiously testing whether last week's scary AI selloff is finally over.
Stock futures November 9 2026 climbed modestly late Sunday into Monday as traders tested whether technology shares could keep recovering from a brutal AI-driven selloff the week before, with investors now watching for fresh inflation data and earnings from companies tied to artificial intelligence.
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Stock futures November 9 2026 show cautious optimism returning
Dow Jones futures rose roughly 0.7% late Sunday, while S&P 500 futures gained about 0.6% and Nasdaq-100 futures advanced near 0.6%, according to market coverage tracking overnight trading. Earlier Sunday evening, the numbers looked smaller, with Dow futures up just 101 points, or 0.2%, S&P 500 futures up 0.1%, and Nasdaq-100 futures up 0.3%. The gap between those two snapshots shows just how jumpy this market remains.
The move marked an attempt to build on Friday's partial bounce back from one of the sharpest AI-related selloffs investors have seen in months. Semiconductor stocks, which took some of the worst beatings during the rout, led the early recovery attempt. Asian markets picked up on the same energy, with regional tech shares and U.S. futures both benefiting as American AI stocks found their footing again.
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What triggered the AI selloff in the first place
The selling pressure took off after Democrats won control of both chambers of Congress, stoking fears that artificial intelligence and data centers could soon face tougher regulation. Traders worried that new rules might slow down data-center construction or drive up costs for energy-hungry AI infrastructure projects, especially in major buildout hubs like Texas.
Those political worries landed on top of deeper doubts that were already brewing. Companies have poured enormous sums of money into chips, servers, power supply, and data centers, and investors are growing impatient waiting for that spending to turn into real, sustainable profit. Rising interest rates made things worse, since higher rates hit expensive growth stocks especially hard by shrinking the value of profits that are still years away.
It wasn't just politics and rates causing pain, either. Reuters reporting pointed to growing doubts about computer-chip demand itself, with some Asian tech markets suffering their steepest falls in years as investors questioned whether hyperscalers and other big buyers can keep ordering chips at the same pace.
Chip stocks diverge as Nvidia faces its own storm
Nvidia, usually the stock everyone watches first, actually slipped around 3.5% in overnight trading even as its rivals climbed. The drop came as the company's board launched an investigation tied to reports involving CEO Jensen Huang and an alleged foreign-intelligence matter. Some coverage described Huang as having acknowledged a personal relationship with an alleged Chinese spy, though that claim should be treated as a reported allegation rather than a confirmed fact while the investigation plays out.
Meanwhile, AMD jumped about 1.7%, Broadcom and Micron each added close to 0.8%, and Intel rose near 1.2%. AMD drew extra attention after posting results and guidance that beat expectations, with the company signaling its sales could top Intel's for the first time this quarter. That kind of split performance, some chipmakers rising while Nvidia sinks, tells you investors are now picking winners and losers inside the AI trade rather than treating it as one giant basket.
Markets across Asia ride the American rebound
Taiwan's stock market jumped roughly 6% as Asian technology shares rallied on the back of Wall Street's steadier tone. Australian shares were set for a modest open too, with futures pointing to about a 0.2% gain after the S&P 500 clawed back part of what had been its worst weekly loss since April 2025.
The S&P 500 had closed at 5,930.85 before futures data showed contracts trading near 6,016.50, and in a later snapshot Dow futures were quoted around 51,605 with Nasdaq-100 futures near 27,033.75. The different numbers reflect timing differences between contract updates rather than conflicting data, but they underline how fast sentiment was shifting hour to hour.
Inflation data and earnings will decide what comes next
Investors are now staring down a packed calendar. Fresh inflation numbers could either calm fears about interest rates or reignite them, depending on which way the data breaks. On top of that, earnings from CoreWeave, Applied Materials, and Cisco Systems are expected this week, and all three could offer real evidence about whether AI infrastructure spending is actually paying off or starting to slow down.
Market strategists remain split on what the selloff really means. Some see it as a buying opportunity after prices got stretched too far, while others warn the sector could still face more pain if earnings disappoint or regulatory worries deepen. For now, the rebound in stock futures November 9 2026 shows buyers are willing to step back in, but with Nvidia under its own cloud and chipmakers moving in different directions, nobody is calling this crisis fully over just yet.
