The PHLX Semiconductor Index fell for eight straight sessions through October 16, dropping about 16%, the most consecutive down days since October 2008. Nvidia slid about 10%, from a record close of $239.24 on October 6 to $214.13, as worries over interest rate hikes, AI financing and competition weighed on chip stocks. The author argues the streak alone says little, since outcomes after similar streaks varied widely, and focuses instead on Nvidia's results: fiscal Q2 2027 revenue surged 106% to $96.2 billion and operating income rose 124% to $63.7 billion, with fiscal Q3 revenue guided to $108 billion, plus or minus 2%. At about $217, the stock trades around 14 times expected fiscal 2028 earnings, and the author suggests buying in stages over a few months rather than all at once.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
semiconductorsNVDAQQQtech stocks
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 | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 718.36 |
| Change that session | +1.21% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Stock Market Today: Tech Futures Rebound As AI Names Bounce; AMD, CoreWeave, Nvidia Rally (Live Coverage)
- Markets today : Wall Street hit by tech slump , ASX set to edge lower
A broad sell-off in tech stocks pushed Wall Street lower, with the S&P 500 down 1.1% and the Nasdaq down 2.1%, marking the market's worst week since late June. Chipmakers including Micron, AMD, Broadcom and Intel fell as investors questioned how long the AI spending boom could last, while Netflix dropped 2.9% after a management change. The 10-year Treasury yield eased to 5.09% from 5.10%, after touching its highest level since 2002 earlier this month, and traders put the odds of a Fed rate hike in December at 74.3%. Brent crude jumped 3.7% to $US109.86 a barrel amid the Iran war and Strait of Hormuz supply concerns. The ASX was set to open slightly lower.
- Stock market today: Dow, S&P 500, Nasdaq futures mixed as the AI trade rebounds
US stock futures were mixed on Monday, with Dow futures down 0.1%, S&P 500 futures up 0.5%, and Nasdaq 100 futures up more than 1%, as tech led a rebound after all three major indexes ended lower on Friday. The Nasdaq had its worst week since June, while the S&P 500 rose after a nearly 2% drop the previous week. Nvidia and AMD led semiconductor shares higher, and CoreWeave was set to open higher after AI financing worries pressured it last week. Investors are looking ahead to Netflix's results after Tuesday's close and to Tesla and Meta earnings on Wednesday. Brent crude was at $108 per barrel after Ukraine struck Russian oil facilities and tankers were attacked in the Middle East, while West Texas Intermediate fell to $98.
- Tech Rebound Lifts Wall Street Pre-Bell; Asia Mixed, Europe Off
- Stock Futures Rebound as Tech Claws Back Losses
- US markets are weighed down by an extended sell - off in the tech sector
Related markets
Latest news
- 'Cannot play hide and seek': Singapore minister's warning over haze sends agricultural stocks lower
Shares of several Singapore-listed agricultural companies fell Tuesday after Senior Minister K Shanmugam warned they cannot escape responsibility for their possible role in the haze. Bumitama Agri fell as much as 6.5%, First Resources also dropped, while Golden Agri-Resources and Wilmar International slipped almost 2%. Shanmugam said seven companies had been questioned by the Singapore Exchange and that some fire or smoke sources appear linked to First Resources, Bumitama Agri and unlisted First Borneo Plantations. Singapore will use every legal and regulatory lever, including on financing and government incentives, and could amend or introduce laws urgently if needed, while hoping for full cooperation from Indonesia.
- Techcombank sets record date for 50% stock dividend
Techcombank's Board has issued a resolution to issue over 3.54 billion shares as a 50% stock dividend, where every 100 shares receive 50 new shares. The final record date is October 30, 2026, funded by undistributed retained earnings in the audited 2025 financial statements. Shareholders approved the plan with about 69.94% of votes in favor, and the State Bank of Vietnam approved a charter capital increase of up to VND 35,730.97 billion, including ESOP shares. After the dividend, the bank will offer nearly 29.97 million shares to employees at VND 10,000 each, with a one-year transfer restriction; completing both steps would bring charter capital to about VND 106,593 billion. In the first half of 2026, pre-tax profit reached VND 18,540 billion, up 22.5% year on year.
- If I Could Only Buy 1 Quantum Computing Stock With $1,000, It Would Be This One.
The author says that if limited to $1,000 for quantum computing, IonQ would be the pick, though as a speculative holding within a diversified portfolio. The technology could greatly speed up computing, but fragile qubits and high error rates mean widespread commercial use may be years away. IonQ uses trapped-ion technology, offers quantum-as-a-service, and partners with Nvidia; its first-half 2026 revenue rose 412%, yet free cash flow was negative $273 million, against about $2.1 billion in liquidity. The article calls its valuation, at 44 times price-to-sales, poorly aligned with its financial condition. It also warns the sector may face a shakeout like early internet search, putting smaller peers such as Rigetti and D-Wave at risk.
- Agribank cuts savings rates for several terms, top counter rate falls to 5.5% per year
Agribank has cut counter deposit rates for terms of six months and longer, lowering its top rate by 0.5 percentage points to 5.5% per year. The 6–11 month rate falls from 4% to 3.5% per year, the 12–18 month rate from 5.9% to 5.4%, and the 24-month rate from 6% to 5.5%. Rates for terms under six months stay unchanged. The move follows the State Bank of Vietnam's request that banks cut listed deposit rates by at least 0.5 percentage points for terms of six months or more, alongside measures to lower lending rates. Agribank, the system's largest deposit-taker, reported nearly VND 2.268 quadrillion in customer deposits in its Q2 2026 financial report.
- Bitmine Immersion Technologies And 2 Top Growth Stocks To Watch
The article examines three high-growth stocks against a backdrop of Nvidia's nearly $10 billion commitment to AI across Europe. Bitmine Immersion Technologies generates about $61 million from crypto mining, is still loss-making with a short cash runway, and its appeal rests largely on its ETH holdings and related services. Rocket Lab earns about $544 million from Space Systems and $225 million from Launch Services, and its outlook depends heavily on the Neutron rocket program, whose failure would put the whole company at risk. Seagate Technology Holdings, which makes storage for data centers with about $12.2 billion in revenue, is closely watched through its HAMR technology milestones of 50% and then 70% penetration.
- Gold and Silver Prices on Oct. 20 Fall Sharply: Phu Quy, Bao Tin Minh Chau Announce Major Changes
SJC gold at Phu Quy on October 20 was quoted at 138.5 million VND per tael to buy and 142 million VND to sell, down about 0.5 million VND from the previous day, while Phu Quy's 1kg silver bar was around 52.8 million VND per kg to buy. Bao Tin Manh Hai cut 24K gold products by 800,000 VND per tael and its 1kg silver bar by 800,000 VND per kg. Global gold traded around $4,135-4,136 per ounce and silver around $57.02, under pressure from U.S. September CPI up 3.7% and PPI up 1.3%. From mid-October, gold transactions of 5 million VND or more in a day must be paid by non-cash means, and Phu Quy accepts only transfers from bank accounts in the customer's own name, not e-wallets.
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.