AI stocks surge 3.4% as Nvidia lags; election-driven volatility persists

The Nasdaq 100 jumped 3.4%, its biggest daily gain since March, as AI trade momentum returned despite Nvidia's underperformance following CEO Jensen Huang's weekend comments. The move comes amid market swings triggered by last week's midterm election results, which raised concerns about the data center boom. Nvidia's divergence suggests sector rotation within AI rather than a broad reversal.

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