WS #16943
The technology sector is undergoing a violent repricing as the 'blue wave' political outcome triggers a flight from high-multiple growth stocks. NVIDIA has dropped to $185, erasing its entire year-to-date gain and marking its worst session since April 2025. The sell-off is systemic across the chip supply chain, with Micron (MU) and Solidigm (SNDK) suffering double-digit percentage declines, while Qualcomm slid 9% despite beating earnings, driven by light forward guidance. Coherent also fell over 10% on weak outlooks. This indicates a broad loss of confidence in near-term AI infrastructure demand visibility.
Tech & AI Selloff
The technology sector is undergoing a violent repricing as the 'blue wave' political outcome triggers a flight from high-multiple growth stocks. NVIDIA has dropped to $185, erasing its entire year-to-date gain and marking its worst session since April 2025. The sell-off is systemic across the chip supply chain, with Micron (MU) and Solidigm (SNDK) suffering double-digit percentage declines, while Qualcomm slid 9% despite beating earnings, driven by light forward guidance. Coherent also fell over 10% on weak outlooks. This indicates a broad loss of confidence in near-term AI infrastructure demand visibility.