Stock Market Today: Dow Wobbles, Nasdaq Rises After AI Rout; Nvidia, Intel Lead Chip Rebound (Live Coverage)

Chip stocks led a Friday rebound after an AI-trade rout, even as the Dow Jones index closed lower following a strong October jobs report. The Nasdaq rose, according to Investor's Business Daily's live market coverage.

Nvidia gained after the selloff in AI-linked names, and Intel joined it at the head of the chip rebound. The split tape tells the story: the Dow slipped while the tech-heavy Nasdaq advanced, a divergence that points to rotation within equities rather than a uniform risk-off or risk-on session.

The jobs data adds a second layer. A strong October jobs report is a labor-market datapoint that can pull rate expectations in either direction, and the Dow's decline alongside it suggests some investors treated the print as a headwind for broader, less growth-oriented holdings. That is interpretation, not reported fact: the source does not attribute the Dow's move to the jobs data directly, only that the two occurred together.

What the source does establish is the sequence. AI-linked stocks sold off, then Nvidia and Intel bounced hard enough to lift the Nasdaq. For active traders, the question is whether a one-day rebound in the two names marks a durable bottom or a relief move inside a still-fragile AI trade.