Nov 9, 2026 · 11 min
AMD leads chip rebound as Nvidia scandal weighs
Closing Bell: Big Tech Rallies, Skydance Reports, Nvidia Plunges on CEO's Spy Scandal
The episode captures a market split between renewed enthusiasm for semiconductors and company-specific risks hitting Nvidia and Lucid.
- 1AMD surged after an Oppenheimer upgrade, helping lead a broad semiconductor rebound after the recent selloff.
- 2Skydance reported publicly for the first time while investors weighed its streaming bundle plans and mixed business performance.
- 3Lucid secured $1.75 billion in additional Saudi-backed credit despite disappointing results and a sharp after-hours decline.
Don't miss
Lucid’s $1.75 billion increase in its Saudi-backed credit facility extends its cash runway even as disappointing results send shares lower after hours.
The brief
U.S. stocks rebounded as technology and semiconductor shares advanced, but the move was uneven: AMD surged after an Oppenheimer upgrade while Nvidia lagged amid a CEO-related scandal.
Skydance delivered its first public earnings report, giving investors an early look at revenue, profitability, cost savings and studio growth as the company plans a Paramount+–HBO Max bundle.
After-hours trading exposed a sharper divide: Lucid fell on a revenue miss and larger-than-expected loss, Hims & Hers also missed, while Rocket Lab beat expectations and raised guidance.
Lucid’s $1.75 billion increase in its Saudi-backed credit facility extends its cash runway, but the financing offered breathing room rather than an immediate turnaround for the troubled EV maker.
Carol Massar, Scarlet Fu, Vonnie Quinn and Tim Stenovec connect the day’s market rebound to the company-specific risks behind the biggest moves.
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