BUZZ - As Democrats achieve sweeping victories and corporate earnings are released, US semiconductor stocks plunge amid profit-taking in the market.
路透社2026/11/05 17:12Latest Updates
November 5 - ** U.S. semiconductor stocks extended Wednesday’s losing streak, with the semiconductor Composite Index .SOX falling 9%
** The index plunged more than 11% intraday, poised to mark its worst single-day performance since March 2020, erasing over 1 trillion dollars in market value
** Qualcomm QCOM.O shares dropped 11.2% as its Q4 chip sales (link) missed expectations; meanwhile ARM ARM.O saw its share price down 11% even though Q3 results (link) beat forecasts
** Artificial intelligence chipmaker Nvidia NVDA.O shares plunged 6.7%
** Network chipmakers Broadcom AVGO.O and Marvell Technology MRVL.O saw their shares fall by 6.8% and 11.6% respectively
**PC, server, and AI chip makers Advanced Micro Devices (AMD.O) and Intel (INTC.O) shares dropped by 13% and 4% respectively
** Memory chipmaker Micron Technology MU.O tumbled 12.2%, while data storage companies Western Digital WDC.O and SanDisk SNDK.O were both down 16%
** On Wednesday, as Democrats secured a sweeping victory in the midterm elections (link), heightened concerns over stricter data center regulations (link) and potentially limited AI infrastructure expansion drove further market volatility
**eToro market analyst Jakub Rochlitz said the election outcome combined with disappointing earnings from some tech firms pushed the market to the brink of collapse, while crowded trades and leveraged positions were unwound
** Despite the day’s losses, the chip index remains up 31% so far this year, but still sits well below its highs for the year
(To facilitate non-English readers, Reuters has automated translation of its reports into several other languages. As machine translation may contain inaccuracies or lack necessary context, Reuters does not guarantee the accuracy of automated translations and provides them only for reader convenience. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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