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Chip stocks face confidence crisis despite strong tech spending, says analyst.

Market News
02 Nov 2026, 22:30 WIB
Market Watch
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Neutral
Chip stocks face confidence crisis despite strong tech spending, says analyst.

Semiconductor stocks are experiencing a 'crisis of confidence' as investors worry about sustained demand for chips. Despite this, major tech companies continue to invest heavily in chip technology. The PHLX Semiconductor Index has fallen 30% from its June highs, although it remains up 50% for the year. Analyst Stacy Rasgon suggests that the situation is not as bleak as it appears, with some stocks like Nvidia performing relatively well amid the downturn.

As of Nov 03, 2026 03:51 WIB, Nvidia (NVDA) trades at USD 202.16 on Pluang, showing a 1-day decline of 1.28%. Despite the broader semiconductor sector facing a confidence crisis, Nvidia maintains a strong market cap of $4.94 trillion and a majority buy interest at 65% on Pluang. This highlights that while some chip stocks struggle, Nvidia remains a notable exception in the current market environment.

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