AI selloff: chip stocks plunge 12.3%, Nvidia -9.2%, AMD and Micron -17% in one day
eyishazyer · x · 2026-11-06
Thursday's AI selloff: the Nasdaq 100 fell 6.3% and chip stocks (SOX) plunged 12.3% in a single day. Nvidia dropped 9.2%, while AMD and Micron each fell 17%. Per NBC, weak Qualcomm and Arm earnings triggered the rout, and anti-AI candidates winning Tuesday's election amplified fears about the AI boom — the election has become an AI story.
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