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2026-11-06 06:24:26
[AI Trading Decline Intensifies, US Chip Stocks Suffer Heavy Losses] 1. US tech stocks plunged on Thursday, further deepening the recent correction in the AI sector. The Philadelphia Semiconductor Index plummeted by more than 10% at one point during the session, marking its largest single-day percentage drop since March 2020. The Nasdaq Composite Index fell 11.9% from its record closing high on October 6, confirming its entry into a technical correction phase. 2. The S&P 500, Nasdaq, and Dow Jones all recorded their largest single-day declines since April 3, 2025, with the S&P 500 component stocks losing approximately $3 trillion in market capitalization. More than a dozen large tech stocks, including AMD, SanDisk, Micron Technology, Dell Technologies, and Marvell Technology, all saw double-digit declines. 3. This is the latest wave of a continuous sell-off in the AI sector. The market has been under pressure this month, with weakness in the stock and bond markets weakening the financing capabilities of many participants in data center construction. 4. Meanwhile, dozens of referendum proposals restricting data center construction passed during the US midterm elections, potentially slowing down related construction in the coming months and even years, further dampening sentiment towards AI trading.
