Business
Chip stocks had their worst day since March 2020 and the Nasdaq fell into a correction. The November 5 selloff, measured
The Nasdaq Composite fell 5.5% on Thursday and the Philadelphia semiconductor index dropped 12%. Micron and AMD each lost about 17%. Investors priced in a Democratic Congress that could slow AI data center construction, plus a weak Qualcomm outlook, and gave back every gain made after the midterms.
