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UNIThe Dow fell 1.09%, the Nasdaq 2.29% and the S&P 500 1.21% as US stocks closed lower. Intel dropped 29.48%, SanDisk 13.79%, Coinbase 12.01%, AMD 11.24%, Circle 9.50% and SKHY 8.15%.
PANewsThe story so far: US semiconductor stocks slump
US chip stocks sold off on Oct 30, with Intel down 30% on weak guidance and Nvidia's market value falling below $5tn. On Nov 4 the Philadelphia Semiconductor Index fell 3%, then widened to 5%. Semiconductor-linked tokens kept falling, with SNDK and AXTI each down 10.1%.
Alphabet and Microsoft earnings to test AI spending and cloud growth
Alphabet and Microsoft report quarterly results after the US market close, with investors focused on cloud growth and how rising AI capital spending is affecting free cash flow. Microsoft shares are up about 36% since late July, while Alphabet is down 6.3%.
Alphabet quarterly revenue and profit miss expectations as AI returns lag
Alphabet reported revenue of $111bn and earnings per share of $2.12 for the three months to 30 September, both below Wall Street expectations, as heavy AI infrastructure spending has yet to deliver matching returns. Its shares fell as much as 7.9% in after-hours trading.
Alphabet posts $128bn Q3 revenue but misses estimates as AI spending climbs
Alphabet reported $128bn in revenue for the third quarter of its 2026 fiscal year, with revenue, adjusted earnings per share and free cash flow all below Wall Street expectations as capital spending rose. Its shares fell 9.79% in after-hours trading.
AI
ChainCatcherAINeutral
Alphabet shares fall after results as GOOGL futures open interest jumps
Alphabet shares fell nearly 10% in after-hours trading after the Google parent posted third-quarter results. Open interest in GOOGL futures across exchanges rose 64.32% in 24 hours to about $637m, with Bitget's up more than 69% at $52.7m, CoinGlass data showed.
Alphabet shares drop 12.18% intraday to $287.13
Alphabet (GOOGL) stock fell 12.18% during the session and was trading at $287.13, according to Binance market data.
Alphabet says AI-related commitments exceed $1tn, filing shows
Alphabet disclosed about $98.5bn in contingent commitments, up roughly $23bn on the prior quarter, on top of more than $1tn in purchase commitments and future lease payments tied to AI. Its shares fell as much as 13% at the US open, narrowing to 11.56%, after third-quarter revenue of $128bn missed expectations.
Alphabet shares fall over 11% as AI spending weighs on cash flow
Alphabet shares fell more than 11% in a day, wiping about $500bn off its market value, as AI investment consumed cash flow, buybacks fell to zero and search revenue growth hit its lowest this year. JPMorgan called it a setback for the AI trade.
AI
Chip stocks fall in US premarket trading, with Intel down 24.2%
US chip stocks fell in premarket trading, with Intel down 24.2%, Arm down 7.9%, AMD down 6.6%, Marvell down 4.9% and Applied Materials down 4.8%, among others.
Macro
AMD shares fall 10.14% in intraday trading to $509.19
AMD stock dropped 10.14% during the session and was trading at $509.19, according to Binance market data.
US semiconductor stocks slump as Philadelphia index falls 5.67%
The Philadelphia Semiconductor Index fell 5.67%, with Intel down over 26%, AMD over 10%, SanDisk 8.38%, SK Hynix 6.93%, Micron 5%, Nvidia 2.51% and TSMC 3.69%. The triple-leveraged SOXL ETF dropped more than 20%.
Philadelphia Semiconductor Index falls 6% as chip shares slide
The Philadelphia Semiconductor Index dropped 6%, with Intel down 29.6%, ARM 10.18%, AMD 9.48%, Broadcom 5.04%, Micron 4.46%, TSMC 3.83% and Nvidia 3.24%.
Intel results drag chip stocks lower as AI trade worries return
Intel's weak results and outlook, alongside Amazon's miss, renewed doubts over AI investment and hit semiconductor shares. Intel fell nearly 30%, AMD about 10% and Micron 5.5%, with Applied Materials and Lam Research also down.
Philadelphia semiconductor index falls 7% as chip stocks slump
US chip stocks fell sharply, with the Philadelphia Semiconductor Index down 7%. Intel dropped 28.33%, Qualcomm 11.30%, ARM 10.70%, AMD 9.64%, Micron 5.01%, Broadcom 5.36%, Nvidia 3.56% and TSMC 5.33%, while the triple-leveraged SOXL ETF fell more than 24%.
US chip stocks slump as Intel falls 30% and Nvidia loses $5tn market value
US semiconductor stocks sold off on 30 October, with Intel down 30% after fourth-quarter guidance below expectations and Nvidia down 3.3%, taking its market value below $5tn. The Philadelphia Semiconductor Index fell 5.7%, AMD about 10% and Arm 9.5%, while the Nasdaq 100 dropped as much as 3%.
Macro
AI stocks swing as investors weigh capex returns after Alphabet results
AI shares have been swinging between rallies and selloffs as investors question whether heavy capital spending will turn into revenue and profit. Alphabet's results on 29 Oct sent its shares down 12.6% and the Nasdaq about 1.4% lower, ending a four-day semiconductor rally.
AI
AXTI falls 16.1% in 24 hours to $51.99
AXTI dropped 16.1% over 24 hours and last traded at $51.99, according to MSX.COM data.
Nasdaq falls 2.86% as Intel and Google shares slump
The Nasdaq closed down 2.86%, with Intel falling 28.58% in its biggest one-day drop in four decades despite third-quarter EPS of 0.52 beating expectations. Google fell 12.64% to $283.82, its worst day since listing in 2004, despite revenue missing forecasts by only 0.2% to 0.4%.
Macro
Semiconductor-linked US stock tokens fall over 24 hours
Tokens tracking semiconductor stocks weakened over 24 hours, with AXTI down 12.9% to $48.31 and ALAB down 10.0% to $234.89, according to MSX.COM data.
AXTI falls 10.7% in 24 hours to $50.03
AXTI dropped 10.7% over 24 hours and was trading at $50.03, according to MSX.COM data.
Philadelphia Semiconductor Index falls 3% as chip stocks slide
The Philadelphia Semiconductor Index extended its decline to 3%, with Nvidia down 2.04%, Broadcom down 2.03%, Micron down 5.85% and Intel down 4.84%, according to MSX.COM data.
Philadelphia semiconductor index falls 5% as chip stocks slide
The Philadelphia Semiconductor Index's decline widened to 5%, with Marvell down more than 9%, Micron over 6%, Intel over 5% and Nvidia and Broadcom each over 2%, per MSX.COM data.
Semiconductor-linked US stock contracts fall across the board in 24 hours
Semiconductor-linked contracts weakened over 24 hours, with SNDK down 10.1% at $1,020.62 and AXTI down 10.1% at $47.03, according to MSX.COM data.
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