Adam Johnson, portfolio manager of Bullseye American Ingenuity Fund, discussed last week's tech sell-off on The 8:30, noting that Alphabet lost nearly $500 billion in value and Intel posted its worst decline since 1982. Citing Yahoo Finance research, Johnson said a basket of the biggest AI and chip stocks has lost about $5 trillion since October 6. Over the past week, the information technology sector fell 1.8% and communication services fell 8.5%, while nine of the 11 S&P 500 sectors were in the green. Johnson said the key question is when companies will show returns on heavy AI capital spending, which is adding pressure on cash and debt. He also said he owns Applied Digital and CoreWeave and bought more of both last week.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
NVDAQQQartificial intelligencetech stocksIntel
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| 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.
Related news
- What's behind the AI trade comeback — plus, our take on Intel's latest deal
Stocks rose again Tuesday as AI infrastructure names extended their rebound from last week's sell-off, with the Nasdaq up over 1% while the Dow was flat after Boeing fell over 9% following a statement that it won't significantly ramp up 737 Max production until late next year. The market grew more comfortable with AI funding concerns after Anthropic filed for an IPO, Meta upsized its common stock offering to $25 billion, and Broadcom secured $63 billion in financing for Anthropic to buy AI accelerators and networking solutions. Intel agreed to buy Classiq, a quantum computing software provider, reportedly for about $2.3 billion, and its shares rose 3.5%. The author says he would prefer Intel put its $20 billion stock offering proceeds toward expanding 14A foundry capacity, though he trusts CEO Lip Bu Tan's discipline. Hyperscale earnings from Alphabet, Microsoft and Amazon are the next catalyst, and Intel reports Thursday evening.
- The tech 'death spiral' that could destroy the AI boom
- Tech Sell-Off: 2 Growth Stocks Investors Might Wish They'd Bought on the Dip
The author notes many AI stocks are pulling back, with the Nasdaq-100 down 5.5% in the last week alone, and argues that broad market sell-offs have historically been followed by recoveries to new highs. Duolingo (DUOL) trades 73% below its record high, with 58.7 million daily active users (up 23%) and a target of 100 million by 2028; its price-to-sales ratio is about 6 versus a five-year average of 14.4, and its P/E is about 16.6. SentinelOne (S) reported record annual recurring revenue of $1.2 billion, up 22%, with ARR from its AI products almost tripling, and its P/S of about 6.7 compares with 10.2 to 43.3 for CrowdStrike, Palo Alto Networks and Zscaler. The author considers both companies potentially worth a long-term look if the tech sell-off intensifies.
- Stock Market Today: Tech Futures Rebound As AI Names Bounce; AMD, CoreWeave, Nvidia Rally (Live Coverage)
The Dow Jones index fell. Meanwhile, tech futures jumped on Monday as AI names AMD, CoreWeave and Nvidia rebounded.
- Tech stocks tumble Friday, AI shares lead the way
- Tech stocks tumble Friday , AI shares lead the way
Related markets
Latest news
- How major US stock indexes fared Monday 11/2/2026
U.S. stocks' morning rally faded as tech and AI shares stayed shaky after last week's sell-off. The S&P 500 fell 0.5% to 7,541.40 after reaching a 1.1% gain early in the day, while the Nasdaq composite dropped 1.1% to 25,164.32 and the Dow Jones Industrial Average rose 0.4% to 51,983.98. Nvidia swung from an early gain to a loss and weighed on the S&P 500. Most Wall Street stocks still climbed, benefiting from a 7.6% drop in the price of Brent crude. Year to date, the S&P 500 is up 10.2%, the Dow 8.2%, the Nasdaq 8.3% and the Russell 2000 13.1%.
- Crypto investigators flag suspected $106M theft, $786K Solana bot drain
Blockchain investigator ZachXBT said an unidentified EU entity may have lost more than $106 million from accounts on several crypto exchanges on Sunday, with the funds withdrawn as USDC and USDT and then moved through multiple cryptocurrencies and blockchains. The attacker remains unidentified, and ZachXBT said the fund flows did not point to a link with North Korea's Lazarus Group. Separately, a wallet tied to King, a Solana arbitrage bot, may have lost about $786,000 on Monday, according to Onchain Lens, which said the funds moved through Solana wallets and were transferred to Ethereum via Mayan. King's operator has not confirmed a compromise. These incidents follow the $6.3 billion Binance hack on Oct. 29, which the FBI attributed to North Korean hackers known as TraderTraitor.
- Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack
An unnamed entity in the European Union is suspected of losing more than $106 million from several centralized exchange accounts on Nov. 1, according to ZachXBT, with the funds withdrawn as USDC and USDT. The attacker then swapped stablecoins for ETH, used instant exchanges, converted some funds to Monero and bridged assets across blockchains to obscure their trail. ZachXBT published 11 Ethereum addresses tied to the theft and said with “a high degree of confidence” that the attacker is not Lazarus Group, setting it apart from the $6.4 billion Binance hack, in which stablecoin issuers moved to freeze funds within minutes. It is unclear whether any funds from this case have been frozen.
- Micron Expected to Launch Massive Stock Buybacks in December. What to Know.
Micron Technology is likely to step up its share buybacks from Dec. 9, after federal CHIPS Act restrictions on repurchases expire.
- Palantir reports booming U.S. commercial revenue growth, topping government for first time
Palantir beat Wall Street's third-quarter estimates after the bell on Monday, with adjusted earnings of 44 cents per share versus 41 cents expected and revenue of $2.31 billion versus $2.18 billion. U.S. commercial revenue rose 148% to $984 million, topping U.S. government revenue of $953 million (up 96%) for the first time. Net income more than doubled to $1.13 billion. Palantir raised its full-year U.S. commercial revenue outlook to “in excess of” $3.56 billion from $3.42 billion, and projects about $2.65 billion in fourth-quarter revenue and about $8.53 billion for full-year 2026.
- Palantir earnings reveal a major AI turning point
In the third quarter, Palantir's U.S. commercial business brought in more money than its U.S. government segment. This was a key point in the company's earnings report.
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.