Oversold AI and chip stocks after the Nasdaq's worst day since 2020
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Thursday's selloff hit technology stocks hard. The Nasdaq 100 fell 6.4%, its worst day since 2020. The S&P 500 lost 4.4%, and the Philadelphia Semiconductor Index dropped more than 12%. The trigger was Democratic midterm wins in key data-center states, which…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe Nasdaq 100 fell 6.4%, with heavy selling in tech and semiconductors on AI regulation fears.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Nasdaq 100 fell 6.4%, its worst day since 2020.
- 02The S&P 500 lost 4.4%, and the Philadelphia Semiconductor Index dropped more than 12%.
- 03The trigger was Democratic midterm wins in key data-center states.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA Corporation189.95 USD-2.30%today +4.60%Negative Intel Corp.56.05 USD-0.98%today +7.28%Negative Teradyne, Inc.219.45 USD-4.07%today +3.15%Negative NASDAQ 10027,080.85-0.34%today +1.69%Negative S&P 5007,414.78-0.02%today +0.83%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets