India, Nov. 3 -- US semiconductor stocks rebounded on Tuesday, with major chipmakers opening higher after suffering heavy losses in the previous trading session. The Philadelphia Semiconductor Index (PHLX Semiconductor Index), which tracks major semiconductor companies, also moved higher.

Nvidia shares gained 2% in early trading on Tuesday, recovering some of the losses suffered by the chipmaker during the recent semiconductor sell-off. Nvidia was among the companies that lost the most market value during the decline, according to Yahoo Finance.

AMD shares jumped 4%, recovering part of the 7% decline recorded on Monday. Investors were also watching the company's quarterly earnings report, which was scheduled to be released after the US ...