See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
NVDAsemiconductorstech stocksearnings
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.38 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Chip Stocks Tumble Despite Solid Earnings Reports
Chip stocks fell on Thursday even though Texas Instruments and Lam Research both posted solid quarterly earnings.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI stocks just lost $5 trillion — but history says the stock market's sweetest stretch starts now
According to Yahoo Finance, the biggest AI and chip stocks have shed about $5 trillion in market value since Oct. 6, while 625 other large US stocks added about $1.3 trillion; Nvidia and Alphabet each lost roughly $835 billion. Jeff Hirsch of the Stock Trader's Almanac says the damage is not as bad as the headlines and that he bought some shares, pointing to the 'sweet spot' from the fourth quarter of a midterm year through June, when the S&P 500 has risen 19 times out of 19 since 1950, with a median gain of about 15%. Chip stocks have risen 8 out of 8 times since 1994, with a median gain of about 22%, though in some cycles they fell another 11% or so first. BofA's Michael Hartnett, however, says the market is 'risk-off until global rate hike ends,' citing 42 central bank rate hikes worldwide over the past six months.
- Apple Set to Dethrone Nvidia as Largest Company by Market Cap
- Nvidia Stock Is Set for Its Worst Month in a Year. Time to Buy the Dip.
Nvidia shares are trading at their lowest level since early August after a broad tech selloff.
- Alphabet drops 12% in deepening tech and semiconductor rout
Related markets
Latest news
- Beta Technologies Beat Archer and Joby to an FAA First. Here's Why I'd Still Rather Own Archer.
Beta Technologies became the first eVTOL developer to secure FAA authorization for demonstration flights with potential customers on board, receiving an airworthiness certificate for market surveys on Oct. 21. The certificate does not allow carrying fare-paying passengers, and Beta focuses on cargo and medical supply transport while building a charging network. The author still prefers Archer Aviation because Archer plans both to manufacture aircraft and run its own air taxi service, while Beta mainly aims to sell aircraft, batteries, charging equipment and propulsion systems. He cites a 2021 Morgan Stanley estimate that eVTOL passenger transport could reach a $3.7 trillion market by 2050. He says both companies could succeed in the industry.
- Morning Minute: Binance Hack Leads to Mass Outflows While FBI Opens Probe
Binance suffered a hack that drained roughly $6.4 billion from hot wallets across about 10 blockchains, an attack attributed to the North Korea-linked group TraderTraitor. After reopening withdrawals, Binance has seen $3.64 billion in net outflows, according to QCP. Bitcoin ETFs saw $643 million in outflows on Friday, flipping October to -$515.9 million, while ETH ETFs posted -$1.61 billion for the month. Binance says it has set aside more than $6.34 billion to cover losses, and the FBI and Secret Service have opened probes. CFTC Chairman Michael Selig said the hack 'proves our exact point' about unregulated offshore exchanges.
- Morning Minute: Binance Hack Leads to Mass Outflows While FBI Opens Probe
Binance suffered a hack that drained roughly $6.4 billion from hot wallets across about 10 blockchains, an attack attributed to the North Korea-linked group TraderTraitor. After reopening withdrawals, Binance has seen $3.64 billion in net outflows, according to QCP. Bitcoin ETFs saw $643 million in outflows on Friday, flipping October to -$515.9 million, while ETH ETFs posted -$1.61 billion for the month. Binance says it has set aside more than $6.34 billion to cover losses, and the FBI and Secret Service have opened probes. CFTC Chairman Michael Selig said the hack 'proves our exact point' about unregulated offshore exchanges.
- Lumen and Microsoft Expand Collaboration to Co-Sell Enterprise AI-Ready Networks
Lumen Technologies and Microsoft are expanding their co-selling partnership to help enterprises connect the data, applications and infrastructure behind AI, which are often fragmented across clouds, data centers and offices. Lumen plans to bring its full suite of cloud networking and application connectivity capabilities to Azure, and the companies will engage in joint account planning for opportunities where network modernization, Azure migration and AI transformation converge. Alkira, a Lumen Connect solution, is already available through Microsoft Marketplace. The companies will share more details as their joint go-to-market plans progress.
- AI agent disputes head to 'Internet Court' — and a jury of AI agents
GenLayer, an open delegated proof-of-stake network of validators connected to AI models, currently processes around 12,000 decisions per day in beta, with mainnet expected next month. Internet Court is a protocol that lets agents and humans sign contracts, with funds held in escrow until the terms are judged to have been met. A dispute is first judged by a randomly selected jury of five validators, each running a different AI model, and can be appealed to juries of 11, 23 and more, with finality typically within 30 minutes. The team argues that using many AI models rather than one reduces the bias of any single system, and the court's consortium has 35 members including ZKsync, NEAR, Consensys and UMA. GenLayer is used by Collective Memory to assess user-uploaded photos and by Argue.fun to resolve arguments.
- The Biggest Crypto Hack in History Just Happened. Here's What the $6.3 Billion Breach Means for the Crypto Market.
Binance said on Oct. 29 that hackers had stolen about $6.3 billion, which the article describes as the biggest crypto hack in history. After the announcement, Bitcoin fell 5.6% within 24 hours and BNB dropped 6.2%. Binance had a rainy-day fund worth around $1 billion and has set aside more than $6.3 billion of its own capital to restore affected customer balances, so direct losses appear covered. Tether froze more than $1.5 billion of USDT and Circle froze $800 million of USDC tied to the theft, and the article says the major blockchains themselves were not breached. More than $3.3 billion was lost to hacks and scams in 2025, and more than $8.7 billion has been lost in 2026 so far.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.