Nasdaq Enters Correction as Chip Sell-Off Drags Nvidia and Tesla

Today's AI insights from 7horns.ai: In our latest financial news, a massive semiconductor sell-off dragged the Nasdaq Composite down 5.52% to 24,315, while Advanced Micro Devices plummeted 17.26% and Nvidia lost 9.26%. Conversely, AppLovin surged 31.04% on strong earnings, highlighting the power of data-driven investing. This political regulatory risk shifts the near-term market outlook, proving that active trading insights, AI market intelligence, and AI-powered analysis are vital for accurate stock market analysis during a correction. AI insights powered by 7horns.ai. Visit 7horns.ai for your free daily AI market analysis.

You're listening to Seven Horns A I, your A I-powered market update. Good evening. Today is Thursday, November fifth, twenty twenty-six, and we are recapping a dramatic session on Wall Street. It was a broad and heavy sell-off today as a massive unwind in artificial intelligence infrastructure and semiconductor stocks dragged the major averages sharply lower. The S&P five hundred slumped four point three three percent to close at seventy-three hundred fifty-six, while the Nasdaq Composite plummeted five point five two percent to twenty-four thousand three hundred fifteen, officially entering correction territory. The Dow Jones Industrial Average dropped three point forty-four percent, closing at fifty-one thousand five hundred twenty-three. Selling pressure intensified steadily throughout the session, leaving all eleven S&P sectors in the red. In after-hours trading, exchange-traded fund proxies show continued minor softness, with the S&P tracker down about zero point twenty-eight percent and the Nasdaq one hundred tracker off zero point three percent. However, we are seeing some tentative dip-buying in late trading, with heavily hit semiconductor names like Nvidia and Advanced Micro Devices ticking slightly higher after the bell. Looking at individual movers, the chip sector was the epicenter of today's damage. Advanced Micro Devices plummeted seventeen point twenty-six percent, and Micron Technology fell seventeen point forty-six percent. Sandisk tumbled twenty-two point twenty-six percent, though it has clawed back one point fifty-six percent after hours. Qualcomm also dropped nine point forty-nine percent after flagging smartphone weakness and rising component costs. Among megacaps, Tesla was the worst performer, falling ten point seventy-seven percent, while Nvidia lost nine point twenty-six percent, symbolically breaking below its end-of-twenty-twenty-five level. On the positive side, AppLovin defied the brutal tape, surging thirty-one point zero four percent on stellar third-quarter earnings and a fresh share buyback. Turning to the global handoff, today's severe decline in New York will serve as a heavy headwind for Tokyo as the Asian session gets underway. The Japan fund, E W J, closed down five point ninety-seven percent today, tracking the global chip unwind. However, the China large-cap fund, F X I, showed remarkable resilience, gaining one point zero one percent, which suggests that capital is actively rotating into cheaper Chinese tech names rather than exiting equities entirely. The primary catalyst behind today's collapse was political, rather than fundamental. Democratic victories in the midterm elections sparked fears of tighter regulations, power caps, and a potential slowdown or moratorium on artificial intelligence data center buildouts. Looking ahead, investors will be closely watching a highly anticipated October jobs report scheduled for release tomorrow morning at eight thirty A M Eastern Time. For corporate earnings, keep an eye on Applied Optoelectronics and Airbnb, which both report tonight. That's your market wrap for today. This has been a Seven Horns A I production. For more insights, visit us at seven horns dot a i. We'll be back tomorrow.