NewsSignals AI analysis·Jinse Finance·Nov 4, 2026

Philadelphia Semiconductor Index Extends Losses to 5%

Grade Abearish AI signal$NVDAON$AVGOON$MUSTOCK$INTCSTOCK$MRVLSTOCK

The Philadelphia Semiconductor Index extended its losses to 5% on November 5, as major chip stocks declined across several segments. Marvell Technology fell more than 9%, Micron Technology dropped more than 6%, and Intel declined more than 5%. Nvidia and Broadcom were each down more than 2%. The move reflects broad pressure on semiconductor shares, including companies tied to memory, networking and AI compute. The immediate focus is whether weakness spreads further through the AI compute supply chain and whether earnings or demand signals alter sentiment.

Bullish strength: 25/100

Potential earnings reversal
AI demand support

Bearish strength: 75/100

Broad semiconductor selloff
Valuation pressure

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis.

Philadelphia Semiconductor Index Extends Losses to 5%; Lumentum -11.3%, GlobalFoundries -8%

The Philadelphia Semiconductor Index extended its decline to 5%, with losses spanning optical components, foundry, storage, test equipment, memory, chip design and AI computing names. Lumentum fell 11.3% and GlobalFoundries dropped 8%. Seagate Technology declined 7.9%, Teradyne fell 7.8%, Amphenol lost 7.3%, and Western Digital was down 7%. Skyworks and Micron each declined 6.9%. SK Hynix ADRs and Kioxia ADRs were both down 5.6%, while ASML fell 4.1%, Broadcom lost 3.1%, TSMC declined 2.6%, Nvidia fell 2.5%, and Synopsys was down 1.5%. The synchronized decline covered semiconductor equipment, memory, chip design and AI computing stocks, rather than a single-company move.

Crude Oil Hits 4-week Low

Crude oil fell to $88.25 per barrel, its lowest level since October 2026, marking a four-week low. Oil has declined 1.16% over the past four weeks, despite remaining up 48.31% over the last 12 months. Further weakness could extend the recent pullback, although the substantial year-over-year gain highlights the broader strength over the longer period.

Nymex Overview: Crude, Refined Futures Extend Losses Amid Easing Iran Concerns — OPIS

Crude and refined-product futures extended losses Wednesday, with Brent falling $4.58 to $99.02 per barrel and WTI dropping $4.16 to $91.93 as easing concerns over potential U.S. military action against Iran reduced oil's geopolitical risk premium. The prospect of tighter constraints on U.S. military action, increased Middle Eastern crude exports, and President Trump's statement that no immediate strike against Iran is planned weighed on prices, while U.S. distillate inventories fell to their lowest level since May 2003. Oil could face further downside if Middle East tensions remain contained and the supply-disruption risk premium continues to unwind, although renewed conflict remains an upside risk.

Investors Are Rushing To Gold As US Dollar Tanks

Gold surges 3% to $4,046.74 per ounce as the U.S. dollar falls to a one-month low following Democrats taking control of both chambers of Congress, triggering gold's strongest daily move in months. Spot gold briefly reaches $4,050.99, its highest level since October 29, while silver jumps 4.8% to $52.13 and palladium gains 6.5%. A weaker dollar and persistent geopolitical uncertainty could extend precious metals' rally, although Friday's U.S. jobs report and an 82% probability of a December Fed rate increase could limit further upside.