Yahoo · Nov 6, 2026
Oversold AI and chip stocks after the Nasdaq’s worst day since 2020
Investing.com -- Thursday’s selloff hit technology stocks hard. The Nasdaq 100 fell 6.4%, its worst day since 2020. The S&P 500 lost 4.4%, and the Philadelphia Semiconductor Index dropped more than 12%. The trigger was Democratic midterm wins in key data-center states, which stoked fears of tougher AI regulation and a slower data-center buildout. Jefferies called it "reactionary, not a fundamental reset" (Nov 6, 2026).


