Nasdaq tumbles 6% as AI chip rout deepens after Democrats' midterm sweep
Post-election selling hit semiconductor names hard, with Qualcomm falling 9% after earnings and Arm slipping on soft guidance, even as AMD rose on its own results.
Read at Ft โFull coverage ยท 8 outlets
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- The Washington PostMore drops for Nvidia and other AI chip stocks erase Wall Street's rally from the day before
- WPLG Local 10More drops for Nvidia and other AI chip stocks erase Wall Street's rally from the day before
- CNBCQualcomm slides 9% after earnings, leading postelection chip stock sell-off
- GuruFocusQualcomm (QCOM) Reports Mixed Quarterly Results, Stock Drops
- Investing.comArm stock slips after hours as lack of blowout guidance offsets quarterly results
- www.marketscreener.comBig winner from the AI boom, AMD climbs after quarterly results
- MSNAlert: The Nasdaq composite drops 3% as AI chip stocks tumble on worries Democrats in Congress will restrict the industry