🚨 BREAKING: The Nasdaq plunged 3.1% on Thursday as chip stocks crashed, wiping out the post-midterm rally glow in a single morning.
Arm Holdings led the slide, plunging nearly 11% despite beating quarterly estimates — royalty revenue missed expectations. Qualcomm fell about 9.6% after its results, and AI chip names including Sandisk, Astera Labs, Seagate, Lumentum, AMD and Western Digital all dropped 10% or more.
The S&P 500 fell 1.7% and the Dow dropped 0.7%, a day after the Dow's 1,569-point surge — its fifth-largest one-day gain ever. Bitcoin slid to around $78,000 while oil rebounded 2% to ~$90 a barrel.
Source: Investor's Business Daily / Investopedia, Nov 5, 2026.
#Nasdaq #StockMarket #ChipStocks #ARM #Qualcomm #WallStreet #CryptoNews #Bitcoin #Zimbuck
Arm Holdings led the slide, plunging nearly 11% despite beating quarterly estimates — royalty revenue missed expectations. Qualcomm fell about 9.6% after its results, and AI chip names including Sandisk, Astera Labs, Seagate, Lumentum, AMD and Western Digital all dropped 10% or more.
The S&P 500 fell 1.7% and the Dow dropped 0.7%, a day after the Dow's 1,569-point surge — its fifth-largest one-day gain ever. Bitcoin slid to around $78,000 while oil rebounded 2% to ~$90 a barrel.
Source: Investor's Business Daily / Investopedia, Nov 5, 2026.
#Nasdaq #StockMarket #ChipStocks #ARM #Qualcomm #WallStreet #CryptoNews #Bitcoin #Zimbuck
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