Chip Stocks Rebound More Than 5% After $1 Trillion Selloff
Chip stocks recovered Monday after last week’s decline erased more than $1 trillion in market value. The rebound coincided with Nvidia’s CEO calling the AI buildout early and a Morgan Stanley executive describing the pullback as healthy.
Chip stocks rose more than 5% on Monday, June 8, 2026, after a selloff the prior week erased more than $1 trillion in market value from the sector. The rebound followed comments from Nvidia’s chief executive, who described the decline as a buying opportunity and said the industry is only “at the beginning” of the AI moment. A Morgan Stanley executive said the pullback had been expected.
“A correction was inevitable and healthy,” the executive stated. The gains arrived as two major private companies prepared to enter public markets. SpaceX is scheduled to begin trading on the Nasdaq on Friday, June 12, 2026, in what could become the world’s largest IPO.
OpenAI confidentially filed paperwork to go public on the same day chip stocks recovered, following a similar filing by rival Anthropic. D. Capelouto, reported the developments in its June 8 edition.
