TradingKey

Nvidia's stock price broke down and plunged to a near-seven-month low, with the market eyeing more than 10% of further downside ahead.

TradingKey - In the Asian session on November 6, the three major U.S. stock indices tumbled across the board overnight, with selling intensifying across the AI data center supply chain and largely erasing the previous session's rebound. As market concerns mounted over AI infrastructure financing cos

The KOSPI plunged 8.55%, triggering a Level 1 circuit breaker and crashing below 5,000 points, as SK Hynix tumbled 12% and Samsung plummeted 10%.

On Thursday, November 5, Eastern Time, U.S. stocks tumbled sharply, giving back gains from the previous session's post-election rally. Mounting market concerns over a slowdown in data center construction prompted investors to accelerate their offloading of tech shares, with chipmakers and AI infrastructure-related stocks bearing the brunt of the sell-off. At the close, the Dow Jones Industrial Average dropped 3.44% to 51,523.06; the Nasdaq Composite Index tumbled 5.52% to 24,315.00; and the S&P 500 Index fell 4.36% to 7,353.73, marking its largest single-day decline since April 2025.

On November 5 ET, Bloomberg reported, citing people familiar with the matter, that Apple (AAPL) plans to issue about $7 billion in investment-grade bonds, which has attracted approximately $31 billion in orders, representing 4.4 times the planned issuance size. The robust demand pushed spreads tighter, indicating that Apple remains favored by bond investors amid rising concerns over AI financing.

Alphabet's (GOOGL) Google is advancing a $17 billion investment plan to construct its first data center in Wyoming's Laramie County. The project is being developed in partnership with Tallgrass Energy, Related Digital, and other partners, and has secured supporting power supply agreements, which are expected to drive local employment and energy infrastructure development.

A decisive Democratic victory in the U.S. midterm elections has sparked investor concerns over tighter data center regulations. For SanDisk (SNDK), potential construction pauses could delay the delivery of servers and storage equipment, introducing new timing uncertainties to revenue growth supported by AI demand.

On November 5, Eastern Time, the three major U.S. stock indices tumbled, with semiconductor and AI infrastructure stocks continuing to face pressure. The Philadelphia Semiconductor Index fell over 9%, hitting its lowest level since mid-April this year. AI infrastructure faces the potential threat of a slowdown in data center construction. A decisive Democratic victory in the midterm elections sparked investor concerns over tightening regulation in the data center sector. If potential construction pauses materialize, they could delay the deployment of computing capacity and the delivery of upstream equipment, prompting a reassessment of the timeline for future revenue realization.

TradingKey - On November 5, Eastern Time, Qualcomm (QCOM) fell nearly 12% in pre-market trading. As of press time, the stock was down 11.92% at $152.55.

TradingKey - As artificial intelligence continues to drive surging demand for DRAM and high-bandwidth memory, Micron Technology's (MU) key expansion plan in Taiwan has run into uncertainty. According to Bloomberg, citing people familiar with the matter, Micron has largely suspended the construction of an approximately $4.5 billion memory chip fabrication facility in Taoyuan, Taiwan, due to an unresolved labor dispute with the local labor union. Following the news, Micron shares fell nearly 5% in premarket trading.

TradingKey - On Thursday, November 5, Eastern Time, futures on the three major U.S. stock indices diverged. As of press time, Dow futures rose 0.65%, S&P 500 futures gained 0.23%, and Nasdaq 100 futures fell 0.49%.

TradingKey - Airbnb (ABNB) will report its third-quarter 2026 financial results after the U.S. market close on November 5. Ahead of the earnings release, capital positioned early on bets that travel demand and platform bookings would remain resilient, driving the company's shares up 5.64% to $176.37.

TradingKey - Meta’s ad prices rose 14%, but spending outpaced operating cash flow. Its AI financing puts returns per share in focus as META faces resistance at $648.82.

TradingKey - Arista targets $7 billion in AI networking sales in 2027. Rising supplier commitments raise the stakes as ANET buyers struggle to hold the $188.47 average.

TradingKey - Datadog fell 14.42% as its largest customer cut usage. Can faster growth elsewhere offset renewal discounts and help DDOG recover $203.55?

TradingKey - After the market close on November 4 ET, AppLovin (APP) reported its third-quarter 2026 financial results, with both revenue and earnings per share beating expectations and fourth-quarter guidance topping market estimates, driving its stock up more than 20% in after-hours trading.

TradingKey - AppLovin’s AI ad upgrade helped lift revenue 55%. After a $333.80 after-hours print, $322.49 is the level buyers need to defend in regular trading.

TradingKey - On November 4, Seagate Technology (STX) shares continued their recent correction, closing down 8.13% at $557.06 on a trading volume of approximately 6.7 million shares. Compared to its nearly two-month high of $946.36 in October, STX has recorded a cumulative decline of nearly 40%. On the same day, Micron fell 7%, and other storage stocks such as Western Digital and SanDisk also weakened noticeably, with the broader sector remaining in a correction phase.

TradingKey - Amid a significant rebound in U.S. equity risk appetite, Microsoft (MSFT) shares rose approximately 6.7% in a single day, touching an intraday high of $559.15 and closing at $555.80, both setting new all-time highs.

TradingKey - As of the close on November 4, Eastern Time, Nvidia (NVDA) shares weakened again, falling 3.17% to close at $200.13 after hitting an intraday low of $199.68, marking seven consecutive trading days of losses and setting a nearly three-month low. Since reaching an all-time high of $243.37 on October 6, Nvidia has experienced a cumulative pullback of over 16% and has recently broken below multiple major moving averages, with its short-term downward trend continuing.