Nasdaq futures rise after steep AI selloff as chip stocks stabilize

Nasdaq futures are rising as chip stocks stabilize following a brutal AI selloff. US stock futures rebounded in a volatile session as dip buyers emerged after a day of heavy selling in the underlying gauges. This market recovery follows a steep decline in chip stocks and occurs after the Democratic sweep of Congress in the midterm elections. The rebound indicates a stabilization period for the technology sector after the previous day's significant losses in the AI market.