Semiconductor stocks reversed an early-week rally and plunged on Thursday after LAM Research CEO Tim Archer said that going into 2027, supply chain constraints for certain components will continue to limit chipmakers' and equipment companies' ability to meet end demand. Nvidia fell more than 4%, Micron more than 6%, and AMD over 8%, while Intel, Broadcom, Marvell and Qualcomm also closed lower. Chip ETFs fell harder: SOXX dropped nearly 7%, SOXL more than 20%, and SMH nearly 6%. Joe Gilbert of Integrity Asset Management said investors have rotated from the Mag Seven into tech more broadly because the AI ecosystem has produced more durable earnings than initially perceived. On Stocktwits, retail sentiment for SOXX and SOXL was 'extremely bullish' when the article was written.
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semiconductorssupply chainETFNVDA
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 764.02 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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