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.
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artificial intelligencesemiconductorstech stocksinterest ratesNVDAS&P 500
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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