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Fortune

Eva Roytburg

The AI trade’s worst day in a year became a buying opportunity by Monday

Chris Larkin Donald Trump Nasdaq Kevin Warsh Nvidia US Federal Reserve Morgan Stanley SpaceX

A trader works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Friday, June 5, 2026. (Credit: Michael Nagle—Bloomberg/Getty Images)

On Friday, the Nasdaq had its worst session in a year. By Monday it all seemed like a bad dream.

The chipmakers that had their worst session since 2020 on Friday (Micron, Broadcom) were Monday’s best performers, up 6.5% by midday. Wall Street appears to consider Friday as a welcome easing off of a record-setting rally, as opposed to a genuine repricing of the AI trade that other analysts warned of.

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