Nvidia shares rebound over 7% after biggest single-day crash in nearly 2 years; what led to the sentiment reversal?

Nvidia Corp., the poster child of the artificial intelligence (AI) trade, is attempting a recovery in Friday’s trade on November 6, surging 7.3% to an intraday high of $194.90.

The rally comes after a 9.3% plunge in the previous session, marking the stock’s biggest single-day decline in nearly two years, as Wall Street grew concerned that a Democrat-led Congress could slow down data centre expansion.