Nvidia and Qualcomm drop more than 9% as AI stocks sell off, dragging Nasdaq to worst day since April 2025

Nvidia and Qualcomm each fell more than 9% as AI-linked stocks sold off, pushing the Nasdaq to its worst day since April 2025 amid concerns of a slowdown in AI spending after the midterm elections.

Read the full story at CNBC Technology ↗

Timeline · 1 report

2026-11-05 21:16 · CNBC Technology
AI meltdown: Nvidia and Qualcomm drop more than 9%, pushing Nasdaq to worst day since April 2025

More stories

Nvidia opens investigation into CEO Jensen Huang's ties to alleged Chinese spy — Axios AI+
Chinese Firms Cleared to Buy Nvidia H200 Chips Despite Empty Offices and Sanctions Ties — New York Times AI
Google buys Crusoe's Wyoming data center site as part of $17 billion AI buildout — Reuters AI
DeepSeek V4.1 Flash gains traction as users run it locally and benchmarks highlight low-cost performance — Vercel Blog
TSMC Weighs Expansion Into Advanced Memory Chip Manufacturing — Bloomberg AI
Microsoft winding down deal to rent AI cloud capacity from Oracle — Bloomberg AI
Nasdaq Suffers Worst Day in 18 Months as Nvidia Slides on AI Chip Selloff — The Globe and Mail
Report: China's spy agency recruited executive to target Nvidia CEO Jensen Huang — New York Times AI

Get the daily brief of stories like this at 6:30 every morning →