Canada's tech sector is splitting as a global retreat from AI trades hits chip and hardware-linked stocks, while software and telecom names prove more resilient. The SOX semiconductor index fell as much as 11% in a session, its worst day since March 2020, and more than $2 trillion left the Nasdaq 100 in October. Celestica is the main risk: a screener snapshot showed it down about 39.5% over one month and 54.9% below its 52-week high. Software names CSU and DSG traded at about 55x and 44x trailing earnings, while BCE and Telus rose as investors rotated toward steadier cash flows. The article says NVIDIA's Nov 17 report is the likeliest swing factor for Celestica and AI DRCs.
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NVDAsemiconductorsartificial intelligencetech stocksCanada
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| 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: low
| 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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