Chip stocks post worst day since 2020: Nvidia falls 9.26% and semiconductor index plunges 12.25%

FinanceInternational24/7 Wall St.Nov 7, 2026, 12:06 AMAI summary

The PHLX Semiconductor Index fell 12.25% on Thursday, its biggest one-day drop since March 2020, as investors weighed the possible impact of the new Congress on data center construction. Nvidia lost 9.26% to $181.60 and rebounded 2.78% on Friday to $186.64. It ended the week down 8.8% and sits 22% below its Oct. 6 record of $239.24. Micron fell 17.46% and Lam Research 16.36%.

In 30 seconds

The PHLX Semiconductor Index fell 12.25% on Thursday, its worst day since March 2020.
Nvidia dropped 9.26% to $181.60 and rebounded 2.78% on Friday to $186.64; it lost 8.8% for the week.
Micron fell 17.46% and Lam Research 16.36%, among the sector's steepest declines.

Read the full story at 24/7 Wall St.

IASummary generated by artificial intelligence from a story by 24/7 Wall St.. It may contain errors: the original source prevails.

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Chip stocks post worst day since 2020: Nvidia falls 9.26% and semiconductor index plunges 12.25%

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Keep reading

Centro Democrático unveils draft bill to "rescue the economy" with tax and state cuts

Colombia's inflation falls to 4.8% in October, a four-year low

Ukraine's economy contracts amid Russian attacks as central bank cuts forecast

Five factors that could derail the 4% rule in retirement