Cointime reports: The S&P 500 extended its decline to 2.0% on November 5, trading at 7,498.13. The index’s losses deepened as the session progressed, with the benchmark last quoted down 2.0% on the day.
Cointime reports: The Nasdaq Composite fell 3.3% on Thursday as investors pulled out of technology stocks for a second straight session after Democrats won the midterm elections, with AI-linked chip and data-center shares leading the decline. AMD dropped 12%, Micron 9%, SK Hynix 8.8% and Nvidia 5%, while the Philadelphia Semiconductor Index slid 8% to its lowest since April 20. The S&P 500 fell 1.9% and the Dow lost 489 points, or 0.9%.
Cointime reports: US memory and storage chip stocks deepened their selloff on November 5, with the Philadelphia Semiconductor Index falling 8.31%. SanDisk dropped 17.09%, Kioxia’s ADR fell 15.20%, Micron Technology lost 12.57%, Western Digital slid 13.48%, Seagate Technology declined 13.43% and SK Hynix fell 10.80%, as the memory chip and hard drive supply chain sold off across the board.
Cointime reports: Nvidia shares fell 5.6% on Wednesday, marking their lowest intraday level since April. The drop in the chipmaker’s stock underscores renewed pressure on semiconductor shares. No specific catalyst for the decline was cited in the report.
Cointime reports: SanDisk, Western Digital and Seagate Technology each fell more than 11%, while AMD dropped 11% to a new intraday low not seen since July. The declines hit storage and chip stocks in the same session, with no further details disclosed on the cause of the selloff.
Cointime reports: SpaceX shares fell 6.23% to $127.455 on November 5, leaving the company with a market capitalization of $1.73 trillion, while Tesla dropped 9.01% to $350.472, valuing it at $1.39 trillion. Both companies are led by Elon Musk, and the declines came on the same trading day.
Cointime reports: Tesla shares fell more than 8% and SpaceX dropped nearly 6% on Nov. 5, extending the prior day’s losses, after Democrat Gina Hinojosa won the Texas governor’s race, defeating Republican Greg Abbott. Hinojosa, the state’s first Democratic governor in over 30 years, has pledged to halt new data center approvals and review tax breaks, raising concerns over Musk’s Texas business interests including SpaceX’s wastewater discharge permit and subsidies.
Cointime reports: The Nasdaq 100 extended its decline to 2.4%, with the semiconductor index dropping more than 5.8%. The tech-heavy gauge’s slide reflects a sharp selloff in chip stocks, which led losses among major US equity indexes.
Cointime reports: The Philadelphia Semiconductor Index dropped 5.00% to 9,754.75 points on November 5. Qualcomm fell 12.73% and AMD lost 8.30%, while Micron declined 5.50%, Broadcom 4.04%, Intel 4.24%, TSMC 4.38% and ASML 4.24%. Nvidia slipped 2.49% as chip stocks sold off broadly.
Cointime reports: Morgan Stanley said the US political shift is affecting Korean equities mainly through the AI investment climate rather than the election result itself, and that the KOSPI may hit a turning point in November. After Democrats won control of both chambers on Nov. 5, fears of tighter AI data-center regulation triggered a selloff in Korean stocks. The bank prefers financials, non-AI capex names and quality consumer stocks, while defense-sector pressure is largely priced in.
Cointime reports: US stocks opened mixed on November 5, with the Nasdaq down 0.69%, the S&P 500 down 0.11% and the Dow up 0.63%. Qualcomm fell more than 12% as its handset business stayed under pressure and its Q1 guidance missed expectations. Tesla dropped 3.5% and SpaceX fell more than 4% after Texas, the companies’ commercial home base, historically flipped blue.
Cointime update: The Shenzhen Stock Exchange’s listing review committee will meet on November 12 to review the initial public offering application of XFusion. The session is the 61st listing review meeting of 2026. A positive review would move the server maker a step closer to listing on the ChiNext board.
Cointime reports: JPMorgan said in a research note dated Nov. 5 that major memory stocks have fallen about 45% from their 2026 highs and the Philadelphia Semiconductor Index is down roughly 29% from its recent peak. Despite concerns over AI financing, power bottlenecks and investment returns, the bank said DRAM and NAND supply-demand remains tight, long-term supply agreements are expanding in coverage, and industry fundamentals should stay strong through 2028. Earnings forecasts for memory companies are unlikely to be cut over the next six months.
Cointime update: Agility Robotics began trading on the Nasdaq on November 5 under the ticker “AGLT”, becoming the first US-listed company focused on humanoid robots. The company is among several developing bipedal and wheeled humanoid machines, which have so far been deployed mainly in commercial settings such as warehouses and factories.
Cointime reports: Allianz Global Investors expects the Federal Reserve to raise interest rates in December this year and again in March and June 2027, the firm’s chief investment officer for multi-asset. Hirt said there is no AI bubble yet, pointing to strong corporate earnings and sustained capital spending. CIO Michael Heldmann projected roughly 16% US corporate earnings growth in 2027, adding that equity returns will depend more on earnings and dividends than on valuation gains.
Cointime reports: Qualcomm shares fell 9.81% in premarket trading on Nov. 5 after the chipmaker issued first-quarter guidance below Wall Street expectations. The company projected EPS of $2.15 to $2.35, with the midpoint below the $2.32 analyst average, while revenue guidance of $104 billion to $112 billion was roughly in line. Qualcomm’s fourth-quarter non-GAAP revenue of $104.42 billion and EPS of $2.17 slightly beat estimates, but handset chip revenue fell 26% year-over-year to $51.37 billion. Other chip stocks also declined, with ASE down over 8% and SK Hynix, ARM, Micron, AMD, Intel and TSMC all lower.
Cointime update: Core Scientific reported third-quarter 2026 total revenue of $232.9 million, up about 187% year over year, with high-density colocation (HDC) data center revenue at $215.4 million, a nearly 60% sequential increase. As of Sept. 30, billed colocation capacity reached 485MW, corresponding to more than $700 million in annualized GAAP colocation revenue. Net income was $1.178 billion, driven mainly by non-cash gains from changes in warrant fair value, while adjusted EBITDA was $133.6 million, more than tripling quarter over quarter.
Cointime update: Humanoid robot maker Agility Robotics began trading on the Nasdaq on November 5 under the ticker AGLT after completing its merger with special purpose acquisition company Churchill Capital Corp XI. The transaction values Agility Robotics at approximately $2.5 billion and is expected to raise about $465 million. Agility, backed by Nvidia and Amazon, becomes the first dedicated humanoid robot manufacturer listed in the US.
Cointime update: Baidu open-sourced its latest base model, ERNIE 5.5 Flash Base, on November 5, sending its Hong Kong shares up more than 5% at close and its US shares up over 2% in premarket trading. The model uses a Mixture-of-Experts architecture with 280 billion total parameters and 140 billion activated per token, and posts state-of-the-art results among same-size models on benchmarks covering knowledge, reasoning, math, code, multilingual and long-context tasks.
Cointime update: Microsoft director Emma N. Walmsley told the company on Nov. 4 that she will not seek re-election at the 2026 annual shareholder meeting. Walmsley, a board member since 2019, will serve until the meeting is held. The filing states her decision did not result from any disagreement with management on operations, policies or practices.