EL7.AI
StocksMedium•5 November 2026•
1 min read

AI Chip Stocks Drag S&P 500 to Worst Daily Performance Since 2025

Key Facts

1AMD shares tumbled 15%, leading a steep spiral across the technology sector.
2Qualcomm shares plunged nearly 14% following a disappointing profit forecast.
3The S&P 500 fell 3%, marking its worst daily performance since the 2025 tariff announcements.

The S&P 500 fell 3%, marking its worst daily performance since the 2025 tariff announcements. AMD shares tumbled 15% to lead a steep spiral across the technology sector, while Qualcomm shares plunged nearly 14% following a disappointing profit forecast, FXLeaders reported.

The sell-off was driven by concerns over immediate revenue returns from AI data center expenditures and supply chain bottlenecks, alongside regulatory scrutiny following U.S. midterm election results. Regarding individual performance, QCOM closed at $173.19 on November 4, 2026, after reaching a session low of $162.75.

Market participants are looking ahead to the release of U.S. Nonfarm Payrolls and the Unemployment Rate on November 6, 2026, which may provide further direction following the volatility in semiconductor stocks.

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