StocksMediumUpdated×2•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
AMD Leads Chip Slide as Citi Warns of Data Center Restrictions After Democratic Sweep
Key Facts
1AMD stock dropped 13% to $424.36 in morning trading driven by AI regulation fears.
2NVIDIA shares slid 7% and Intel sank 8% as political risks outweighed strong earnings reports.
AMD shares plunged 14% to $419.48 during trading on November 5, 2026, as the semiconductor sector faced deepening losses. Citi flagged an exponential threat to data centers amid fears of potential U.S. bans following a Democratic sweep in the midterm elections.
The selloff extended across major industry players, with NVIDIA and Intel shares both sliding 7%, while Micron also faced downward pressure. This move follows a session where AMD closed at $488.78, NVDA at $200.13, and INTC at $58.27 on November 4, 2026, a date when TSM had also closed at $395.75 before the current volatility.