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Top story Nvidia and Qualcomm drop over 9% as AI chip selloff pushes Nasdaq to worst day since April 2025

A broad retreat in AI-related chip names erased the prior session's rally, with Nvidia entering bear territory and Qualcomm sliding on weak guidance.

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Qualcomm slides after weak Q1 outlook and handset revenue drop; memory costs squeeze margins

Handset revenue fell about 26% and rising memory prices pressured margins, prompting analyst price target cuts across the chip sector.

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Nvidia stock enters bear market after 8% drop as AI spending and financing fears mount

Bargain hunters see opportunity while the stock trades below $200 and turns negative for the year ahead of earnings.

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Intel shares plunge as stock falls 50% in a month on softer server outlook

A softer server demand outlook and historical parallels to its 2000 bust drove a sharp decline, with CEO Lip-Bu Tan's $20 million stake down about $4.8 million.

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Broadcom drops 10% in broad chip selloff, testing 52-week low near $292

The decline came as investors focused on the company's $21.7 billion AI revenue forecast and key technical support levels.

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Chinese AI lab Moonshot sought Nvidia Blackwell access in Europe to circumvent US curbs

The report highlights a potential hole in US export controls as Moonshot reportedly sought to rent over 8,000 Blackwell GPUs.

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Marvell to acquire Lumentum in $115 billion all-stock deal for AI data center optics

The combined company would supply scale-up and scale-in optics for AI data centers.

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AMD tumbles 13% amid AI regulation fears; Cramer and Cathie Wood move in opposite directions

AMD's sharp drop followed broad concerns about AI spending, while Cathie Wood sold AMD shares and a new buy rating was issued.

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US holds up SK Hynix China equipment licenses, stalling $45 billion New York plant plans

Export restrictions on China are threatening the chipmaker's planned New York investment.

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ASML shares fall 7% as investors question the next spending cycle

Concerns about the timing of the next semiconductor capital spending upcycle weighed on the lithography equipment maker.

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Republicans seek briefing from Nvidia CEO over Chinese spy allegations

Key Republicans requested information from Jensen Huang over concerns about Chinese espionage, according to a document.

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Micron claims $4.5 billion Taoyuan plant construction halted amid labor dispute

The company and union have yet to agree on profit-sharing terms, with another meeting set for November 6.

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Nvidia halts H200 chip output for China, shifts capacity to Vera Rubin

Supply constraints mean Nvidia can fulfill only about 1% of China's reported $70 billion GPU order.

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Oracle scraps $7 billion AI chip rental deal with Tencent amid US-China regulatory clash

The cancellation was tied to regulatory tensions blocking cross-border chip leasing.

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South Korea posts record $61.5 billion current account surplus as AI chip exports boom

September's surplus topped $60 billion for the first time, driven by surging semiconductor exports.

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