US stocks tumble as semiconductor index sinks 11%; Nvidia, AMD lead tech sell-off
CNBC-TV18 1 hr ago·5 Nov 2026, 4:36 pm
US equity markets experienced a sharp correction on Thursday, with major indices erasing recent gains. The Nasdaq Composite fell 5%, the S&P 500 dropped 3.3%, and the Dow Jones Industrial Average declined by over 1,200 points. This broad-based decline was primarily driven by a significant sell-off in the technology and semiconductor sectors.
The technology sector, particularly companies involved in artificial intelligence and chip manufacturing, bore the brunt of the selling pressure. This selloff reflects a shift in investor sentiment as the market digests the recent post-election rally and recalibrates valuations for high-growth tech stocks. The drop also coincided with a rebound in oil prices, adding to the uncertainty surrounding global trade and geopolitical developments.
Investors should monitor the upcoming earnings reports from major tech firms to gauge the sector's resilience. Additionally, keeping an eye on semiconductor demand trends and global supply chain dynamics will be crucial for understanding the sector's future trajectory.
Excerpt from CNBC-TV18
Published On Nov 5, 2026 | 22:06 IST Last Updated On Nov 5, 2026 | 22:06 IST Wall Street tumbled on Thursday as a sharp sell-off in AI and semiconductor stocks erased the previous session's post-election gains. The Nasdaq Composite plunged 5%, the S&P 500 fell 3.3% and the Dow dropped more than 1,200 points, while the…Read the original at CNBC-TV18
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.
