Micron, AMD, SanDisk, Nvidia Crack Up To 10% At Open. Why Wall Street Cheer Eluded Chip Stocks
NDTV Profit 2 hrs ago·4 Nov 2026, 3:15 pm
U.S. chip makers including Micron, AMD, SanDisk and Nvidia jumped as much as 10% in early trade, even as many AI‑related stocks were pressured.
The rally came after Democrats secured majorities in both the House and Senate and a Democrat, Gina Hinojosa, won the Texas governorship. Hinojosa has said she will place an immediate moratorium on new data‑centre construction in the state, a move that could slow the rollout of AI‑driven workloads that rely on high‑performance chips.
Investors will be watching for any legislative or regulatory steps that clarify the data‑centre outlook, as well as upcoming earnings reports that could show whether chip demand remains resilient despite the policy uncertainty.
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
