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US chip stocks plunge 11.4% as AI infrastructure doubts hit markets, Bitcoin down 5.25%

Market News
05 Nov 2026, 18:17 WIB
Tokenpost
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Bearish
US chip stocks plunge 11.4% as AI infrastructure doubts hit markets, Bitcoin down 5.25%

The Philadelphia Semiconductor Index dropped sharply by 11.41%, led by major chipmakers like TSMC, SanDisk, and Micron amid investor concerns over AI infrastructure growth. The Nasdaq 100 and S&P 500 also fell significantly, while the VIX volatility index surged 56.41%, reflecting market uncertainty. Bitcoin declined 5.25% as investors reassessed tech and AI sector prospects following Democratic control of Congress, which may slow AI data center development. Qualcomm's weaker earnings forecast and falling handset-chip revenue added to the negative sentiment. The US market's close will influence Taiwan's trading session on Nov. 6.

The Philadelphia Semiconductor Index's sharp decline is noted here with Pluang's market data as context. For readers following cryptocurrency markets, as of Nov 05, 2026 22:52 WIB, 46 out of 50 major cryptocurrencies on Pluang fell today. Notable movers include BAL (Balancer) rising 11.14% to Rp16.297, SUSHI (SushiSwap) dropping 10.23% to Rp3.221, and FIL (Filecoin) down 10.10% to Rp14.515.

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