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Chip stocks had their worst day since March 2020, with the selloff affecting most of the iShares Semiconductor ETF: 28 of its 30 holdings now trade at least 20% below record highs, putting them in bear-market territory. Related tickers cited include AMDSTOCK, TSMSTOCK, INTCSTOCK, AVGOSTOCK, QCOMSTOCK and ONSTOCK. No specific ETF or index percentage decline, trading volume, fund-flow figure, or individual-stock price move was provided.
AMD CEO Lisa Su called the current market moment short-sighted on AI spending, dismissing fears that have weighed on the chip sector and reaffirming long-term demand despite the sector's selloff. Her remarks put AMD and the broader semiconductor group in focus because they directly address the debate over whether AI infrastructure spending can support demand for chip suppliers. The source context also lists AMDSTOCK alongside MSFTSTOCK, GOOGLSTOCK, AMZNSTOCK, METASTOCK and QCOMSTOCK, tying the discussion to major technology and chip-related equities. No specific price, volume, flow, valuation or earnings figures are provided in the supplied context.
Sandisk (NASDAQ: SNDK) fell almost 8% in premarket trading as a post-midterm technology rotation hit memory chips. Analysts are divided over whether the stock faces further downside or a year-end rally, according to the summary. The move puts the memory-chip sector in focus, and the item also carries tags for SNDKSTOCK, WDCSTOCK, STXSTOCK, QCOMSTOCK, MUSTOCK and ARMSTOCK. No additional price, volume, flow or trading-activity data was provided.
Qualcomm shares fell 9% despite the company beating Q4 earnings. Automotive gains offset pullbacks in smartphones and the chip sector, but the stock still ended lower even with the earnings beat.
Qualcomm shares are trading lower after the company reported fourth-quarter results and issued first-quarter GAAP EPS guidance below estimates. The Q1 GAAP EPS outlook is the key verified catalyst highlighted in the source, while no specific guidance figure, consensus estimate, revenue number, EPS result, or size of the share decline was disclosed. The affected asset is Qualcomm stock, with the near-term earnings outlook as the stated focus.
Stocks in focus heading into Thursday center on earnings, with Cardinal Health and US Foods reporting and Airbnb scheduled to report after the close, according to the source. Qualcomm and Snap shares fall after their results, while the provided watchlist tickers include QCOMSTOCK, CAHSTOCK and ABNBSTOCK. The source does not provide price levels, percentage moves, revenue or EPS figures, so the key verified catalysts are the earnings timing and the post-result share reaction for Qualcomm and Snap.
Qualcomm reported fiscal 2026 fourth-quarter revenue of $10.3 billion for the period ended September 27, down 8% year over year. Earnings per share were $2.17, slightly above analyst expectations of $2.16, while revenue was also slightly above the $10.1 billion consensus estimate.
Shares fell about 5% in after-hours trading following the report. Qualcomm forecast revenue of $10.4 billion to $11.2 billion for the quarter ending in December, compared with analyst expectations of $10.55 billion. Its projected EPS range was $2.15 to $2.35, with the midpoint below the $2.32 analyst estimate.
The company said component and manufacturing costs are broadly rising. Its handset business generated $5.14 billion in revenue in the prior quarter, down 26%, highlighting pressure in the phone segment despite the quarterly revenue and EPS beats.
Qualcomm reported fourth-quarter results after Wednesday's market close, described as a double beat. The company also highlighted an upcoming data-center ramp, making data-center expansion central to its forward-looking commentary. No revenue, earnings, guidance, share-price, trading-volume, or ramp-timing details were provided.
Qualcomm shares rose more than 4% in U.S. premarket trading after SpaceX selected Qualcomm as a partner to accelerate its Starlink business.
The partnership places Qualcomm within Starlink’s expansion narrative as satellite connectivity moves closer to mainstream device infrastructure. The source did not disclose specific device plans, chipset terms, commercial deployment details, or financial terms.
The next factual watchpoint is whether the companies provide concrete details on devices, chipsets, or commercial deployments tied to the partnership.
AMD and Block beat estimates, while McDonald’s, Uber and Qualcomm are scheduled to report earnings. U.S. futures traded lower ahead of Wednesday. Companies in focus include AMDSTOCK, MCDSTOCK, QCOMSTOCK and UBERSTOCK.
The Philadelphia Semiconductor Index rose more than 4%, with AMD up 5.81%, leading a broad advance in major chip stocks.
Nvidia gained 3.03%, Broadcom rose 3.90%, Micron added 3.62%, Intel climbed 3.28%, Qualcomm increased 1.28%, TSMC rose 2.32%, and ASML gained 2.46%.
The tech-heavy Nasdaq and Nasdaq 100 each rose 1.1%. The S&P 500 gained 0.6%, while the Dow Jones Industrial Average fell 0.27%.
Ten stocks are expected to see earnings-related moves above 10% next week, led by Moderna and AppLovin. Five are technology names hit in Friday's chip selloff, putting their earnings reports at the center of near-term volatility concerns. The group includes Moderna, Apple, Intel, Qualcomm, AMD and Cloudflare.
The Nasdaq 100 decline widened to 4%, led by sharp losses across semiconductor, AI infrastructure and software-linked stocks.
Intel fell 31%, while SanDisk declined 15.1% and ALAB dropped 13.6%. Marvell Technology, Qualcomm, Arm Holdings, Datadog, AMD, Nebius, CoreWeave and Lumentum were each down more than 10%.
The move reflects broad pressure across high-beta technology segments rather than weakness confined to a single stock. The immediate market focus is whether selling remains concentrated in growth-oriented technology names or broadens further across the index.
The Philadelphia Semiconductor Index fell more than 8%, led by a 30.09% decline in Intel. The selloff extended across chip designers, memory, foundry and semiconductor-equipment names.
AMD fell 11.53% and Qualcomm declined 11.55%. Nvidia dropped 4.52%, Broadcom lost 6.19%, Micron fell 6.01%, Taiwan Semiconductor declined 6.08%, and ASML dropped 6.44%.
The move spans key parts of the semiconductor complex, including AI-related chips, memory, foundry production and equipment. The immediate market focus is whether the broad semiconductor weakness stabilizes or spreads to adjacent technology and hardware themes.