---
title: "Semiconductors recover a quarter of Thursday's drop, and AMD rises 11%"
url: "https://etf.net/news/semiconductors-recover-amd-rises-11-2026-11-06"
published_at: "2026-11-06T22:07:18.206Z"
updated_at: "2026-11-06T22:07:18.206Z"
byline: "ETF.net Research"
---

# Semiconductors recover a quarter of Thursday's drop, and AMD rises 11%

The bounce followed an AI selloff after Democrats won control of Congress. Gogo rose 71.5% on a license renewal, and Axon fell 18.2%.

By ETF.net Research. Published Nov 6, 2026.

The iShares Semiconductor ETF SOXX rose **3.5%** on Friday after falling 12.1% on Thursday. Friday's rise recovered about a quarter of Thursday's price drop. It was still down 13.1% over the five sessions through Friday.

Advanced Micro Devices rose **11.0%** to $449.04 in that rebound, a day after it fell 17.3%. Nvidia rose 2.8% after falling 9.3% on Thursday.

Chart: **AMD** bounced 11% Friday; SOXX and Nvidia recouped less

AI and semiconductor stocks sold off Thursday as investors reassessed the data-center build-out after Democrats won control of Congress, [CNBC](https://www.cnbc.com/2026/11/06/ai-data-center-midterms-selloff.html) reported Friday morning. [Yahoo Finance](https://finance.yahoo.com/markets/live/stock-market-today-friday-november-6-dow-sp-500-nasdaq-jobs-report-earnings-135953863.html) said semiconductors bounced as investors digested what that win means for the build-out, after the AI trade was hammered on Thursday.

IREN, which runs data centers for AI computing, rose 20.0% to $21.64, well ahead of the semiconductor fund. On Thursday it [reported](https://www.sec.gov/Archives/edgar/data/1878848/000187884826000065/irenreportsq1-fy27result.htm) AI-cloud revenue of $200 million for the quarter ended Sept. 30, up 182% from the prior quarter, and a net loss of $263 million.

Roundhill Investments' Roundhill Neocloud ETF NCLD rose 9.1%. It holds IREN and other companies that sell AI computing power, the group CNBC said was hit hard on Thursday.

## Gogo, Karman, Firefly and Axon

Gogo, which sells in-flight broadband to business and government aircraft, rose **71.5%** to $3.89 after the Federal Communications Commission [renewed](https://www.globenewswire.com/news-release/2026/11/06/3397511/0/en/fcc-renews-gogo-s-air-to-ground-spectrum-licenses-through-2036.html) its exclusive US air-to-ground radio licenses for another 10 years, through Oct. 31, 2036.

Karman Space & Defense, which builds hardware for missiles, hypersonics and space launch, rose 42.1% to $45.61. It [reported](https://investors.karman-sd.com/News--Events/press-releases/news-details/2026/Karman-Space--Defense-Reports-Third-Quarter-Fiscal-Year-2026-Financial-Results/default.aspx) record quarterly revenue of $202 million, up 66% from a year earlier, and raised its fiscal 2026 revenue outlook to $755 million to $760 million.

Firefly Aerospace, a space and defense company, rose **36.8%** to $20.76 after it [agreed](https://fireflyspace.com/news/firefly-aerospace-signs-rocket-engine-deal-valued-at-more-than-1-3-billion-with-ast-spacemobile) to supply AST SpaceMobile with 36 rocket engines, a license to the design, and engineering support. Firefly valued the three-year deal at more than $1.3 billion. AST SpaceMobile, which is [building its own rocket](https://www.businesswire.com/news/home/20261106165875/en/AST-SpaceMobile-to-Build-Own-20-Ton-Rocket-to-Deploy-BlueBird-Satellites-in-Low-Earth-Orbit-Using-Miranda-Engines-from-Firefly-Aerospace) to launch its satellites, rose 7.1%.

Axon Enterprise, a public-safety technology company, fell **18.2%** to $313 and traded at a 52-week low of $307.

Chart: **Gogo** jumped 71.5%; Axon fell 18.2%

It [cut](https://investor.axon.com/2026-11-05-Axon-reports-record-Q3-2026-revenue-of-909-million,-up-28-year-over-year) its 2026 revenue-growth outlook to about 30%, from 32% to 34%, leaving out about $130 million from three federal drone-detection deployments it no longer expects this year. Third-quarter revenue was still $909 million, up 28% from a year earlier.

Source: etf.net, https://etf.net/news/semiconductors-recover-amd-rises-11-2026-11-06. Please cite the page URL.