Chip stocks plunged Thursday, with Nvidia, Micron and AMD leading a sharp selloff that dragged the Nasdaq Composite down 4.71%, or 1,211 points, into correction territory more than 10% below last month's record. The S&P 500 shed 3.19% (245 points) and the Dow fell 2.32%, with more than $2 trillion wiped from US stocks within 50 minutes of the open. The semiconductor index declined about 7%, Micron dropped over 12%, AMD over 13%, and Qualcomm 9% after its outlook disappointed despite better-than-expected results. The article links the selloff to investors reassessing AI infrastructure spending and data center construction after the Democratic sweep, with deVere Group's Nigel Green saying the repricing could last more than a few sessions. Money rotated into healthcare, consumer staples and energy, while the 10-year Treasury yield fell to 4.83%.
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NasdaqsemiconductorsAI investmentbonds
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/04/2026 | 200.28 |
| Change that session | -3.10% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 691.95 |
| Change that session | +0.97% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 766.73 |
| Change that session | +1.64% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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