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Keywords
NVDAartificial intelligenceElon Musktech stocks
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.47 |
| Change that session | -0.29% |
MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/20/2026 | 531.87 |
| Change that session | -0.31% |
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.71 |
| Change that session | +1.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Chip stocks shrug off a scary morning, but history says the shakeout isn't over
Chip stocks recovered on Tuesday after the PHLX Semiconductor Index (^SOX) dipped to its lowest level since early August in the morning, following an eight-session losing streak, and buyers pushed it back above Friday's close. About 3 in 4 stocks in a 60-stock Yahoo Finance chip basket turned higher, led by GlobalFoundries (GFS), while chip-equipment makers Lam Research (LRCX), KLA (KLAC), and Applied Materials (AMAT), plus Arm (ARM), stayed lower. Yahoo Finance calculations show that after every losing streak of seven sessions or more since 1994, the index traded below that streak's final close within a month, with the typical dip after the longest streaks around 9%, while Tuesday's dip barely reached 1%. The article flags key levels: support at 11,000 to 11,140, a lower zone at 10,450 to 10,500 if that fails, and resistance at 12,600 to 12,700. BofA Global Research called last week's selloff a 'positioning-driven hiccup on the fringes of the AI trade.'
- Chips Are Selling Off and Apple Just Hit a New High. What Splits the AI Trade
Chip stocks sold off last week, with the iShares Semiconductor ETF (NASDAQ:SOXX) down 13.31%, while Apple (NASDAQ:AAPL) rose 2.11% and sits about 1.5% below its 52-week high. The article argues Apple benefits from AI by selling it across more than 2.5B active devices, rather than through heavy infrastructure spending like hyperscalers, and notes revenue grew 16.4% year over year last quarter. The stock trades at $342.96 against a 24/7 Wall St. 12-month target of $397.78 (15.99% upside), with a bull case of $451.56 driven by Siri AI and iCloud Plus upgrades. Risks include memory costs, which Cook called “a 100-year flood,” and gross margin guidance of 47% to 48%; the consensus target of $329.38 sits below the current price. The piece also compares Apple’s P/E with NVIDIA and Microsoft, concluding Apple has less exposure to AI infrastructure spending.
- Global shares mostly decline after AI stocks lead a rebound on Wall Street
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