AMD Tumbles 13%, NVIDIA Slides 7% as AI Regulation Fears Hit Chip Stocks; Intel Sinks 8%

US stocks tumble as semiconductor index sinks 11%; Nvidia, AMD lead tech sell-off

Wall Street tumbled on Thursday as a sharp sell-off in AI and semiconductor stocks erased the previous session's post-election gains. The Nasdaq Composite plunged 5%, the S&P 500 fell 3.3% and the Dow dropped more than 1,200 points, while the Philadelphia Semiconductor Index sank 11%. Oil prices also rebounded amid uncertainty over a possible US-Iran deal.

Chipmaker Selloff Deepens Amid Post-Election Concerns For Future Of Data Centers

Nvidia, Micron, AMD, Intel, SanDisk, TSM, Qualcomm and Marvell all fell sharply on the second day of the chipmaker selloff.

AMD Tumbles 13%, NVIDIA Slides 7% as AI Regulation Fears Hit Chip Stocks; Intel Sinks 8%

AMD just posted the biggest, most profitable quarter in its history, yet its stock is getting punished harder than any rival. Election results have traders asking whether Washington can slow the AI buildout behind the chipmaker's bold forecast.