EL7.AI
StocksMediumUpdated•Originally published 14 September 2026•Updated 14 September 2026•
2 min read

Tech Rout Deepens as Chip Stocks Plunge 8.8% Amid Sustained Oil Price Pressure

Key Facts

1Nasdaq futures plunged 1.5% amid fears of a slowdown in cutting-edge AI model development.
2Brent crude rose toward $108 per barrel following the shutdown of a Saudi pipeline and delayed regional meetings.
3The US Dollar saw its strongest day in three weeks, rallying alongside rising oil prices.

Amid a broad sell-off hitting the global technology sector, US equities faced additional pressure as the Dow Jones Industrial Average opened 153 points lower. According to reports, semiconductor companies led the decline with Broadcom, Intel, and Marvell Technology shares plunging between 4% and 8.8%. Nvidia shares also fell 3.8%, while Amazon declined 1.32%, reflecting investor anxiety over a potential slowdown in AI innovation pace.

This tech retreat coincided with sustained high energy costs, as Brent crude prices hovered near $108 per barrel following a Saudi Arabian pipeline shutdown. Per market data, NDAQ shares closed at $91.19 on September 11, 2026, trading between a day low of $90.29 and a high of $92.66. These geopolitical factors have bolstered the US Dollar, which recorded its strongest daily performance in three weeks as investors sought safe-haven assets amid energy sector volatility.

Traders are closely monitoring support levels for NDAQ following its close at $91.19 on September 11, 2026, focusing on whether chip stocks can rebound from their current lows. Looking at the economic calendar, there are no major upcoming catalysts scheduled for the next few days directly related to this move, leaving the market focus on global energy supply developments and their impact on broader sentiment.