Democrats' recent sweep of both the House and Senate triggered a selloff in tech stocks due to concerns over potential restrictions on data centers. However, actual policy threats remain limited due to political gridlock, making this a buying opportunity for chipmakers and data center companies. Leading chip firms like NVIDIA and AMD have already excluded China from their forecasts, reducing export control risks and supporting sector resilience. Semiconductor ETFs are deeply oversold, and valuations for hyperscalers look attractive, encouraging patient accumulation despite some risks from state-level restrictions and high valuations.
As of Nov 08, 2026 04:01 WIB, the VanEck Semiconductor ETF (SMH) trades at USD 463.96, recovering from its 52-week low of USD 325.10 but still below its 52-week high of USD 668.91, showing room for growth despite recent volatility. Nvidia (NVDA), a key chipmaker, is priced at USD 186.64, closer to its 52-week low of USD 165.17 than its high of USD 239.27, reflecting cautious optimism among investors. On Pluang, SMH sees strong buying interest at 84% buy orders, while NVDA holds a 63% buy ratio, indicating confidence in chip stocks amid political uncertainties.
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) rose 6.26% after reports that it might begin producing vertically stacked DRAM memory chips for Nvidia, its top customer. Neither company has confirmed the plans, and TSMC has not announced ...
The Nasdaq 100 index fell sharply by 5.5%, marking its worst drop in 18 months, driven by a significant sell-off in AI-related stocks. NVIDIA, a leading AI chipmaker, lost nearly half a trillion dollars in market capitalization, contributing heavily ...
Lam Research announced a $25 billion share buyback authorization, boosting its stock by over 7% after a recent sharp selloff in semiconductor shares. This move is significant for investors in semiconductor, tech, and Nasdaq-100 ETFs, as Lam is a majo...
Semiconductor companies like Nvidia, AMD, and TSM saw a sharp sell-off, with the SMH ETF dropping more than 11% in one day. This decline comes despite these companies generating strong free cash flow and playing a critical role in AI computing and ag...
Chip stocks and tech indexes fell sharply, with the Nasdaq Composite dropping 5.52% and the Philadelphia Semiconductor Index down 12.2%, sparking talk of an AI bubble. Michael Burry, known for his bearish calls, had bet against AI-related stocks with...
