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Market shifts from AI and growth stocks to value and defensive sectors amid election uncertainty.

Market News
17 Oct 2026
Seeking Alpha
View Source
Neutral
Market shifts from AI and growth stocks to value and defensive sectors amid election uncertainty.

Recent market trends show investors moving away from AI and growth stocks, especially semiconductors like NVDA and AVGO, toward value and defensive sectors such as consumer staples. Despite a broad decline in major tech stocks, Apple has remained resilient. Commodities like oil and natural gas have outperformed, while blockchain and semiconductor ETFs lagged. With the U.S. midterm elections approaching, market volatility is expected to continue, prompting investors to hold cash for flexibility until political outcomes clarify the outlook.

As of Oct 18, 2026 10:41 WIB, Apple stands out on Pluang with a price at its 52-week high of USD 343.46 and a positive 1-day change of +0.43%, contrasting with Nvidia and Broadcom, which trade below their 52-week highs at USD 214.13 and USD 328.75 respectively. Nvidia is down 1.43% and Broadcom has fallen 4.52% in the last day, reflecting the broader sell-off in semiconductor stocks noted in the news. Meanwhile, Apple’s higher buy activity at 80% on Pluang highlights its relative resilience compared to the 78% sell activity for Nvidia and 64% for Broadcom.

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