Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.
Published . Updated .
This report is about semiconductors and AI and big tech.
Directly affected
- No company is named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF+1.3% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF+0.5% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- QQQ Invesco QQQ+2.3% 19d
Invesco QQQ: it holds the big tech and AI names. Linked by “big tech” (AI and big tech) in this story.
- MSFT Microsoft+6.8% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “big tech” (AI and big tech) in this story.
- GOOGL Alphabet-6.3% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “big tech” (AI and big tech) in this story.
- ASML ASML Holding N.V-5.7% 30d
ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- NVDA Nvidia-1.8% 30d
Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- TSM Taiwan Semiconductor Manufacturing+2.2% 30d
Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SMH | -7.89% | -4.67% | base | -1.14% | after close | after close | after close |
| SOXX | -8.88% | -5.71% | base | -1.55% | after close | after close | after close |
| QQQ | -2.90% | -1.86% | base | -1.64% | after close | after close | after close |
| MSFTNo price data for this ticker | — | — | — | — | — | — | — |
| GOOGLNo price data for this ticker | — | — | — | — | — | — | — |
| ASML | -6.17% | -4.45% | base | +0.69% | after close | after close | after close |
| NVDA | -1.43% | +0.31% | base | -0.76% | after close | after close | after close |
| TSM | -6.22% | -3.47% | base | -1.82% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now. Barron's
Source: Barron's
Price since this story was published: Vaneck Etf Trust (SMH)
| Company | When | Move | Status |
|---|---|---|---|
| ASML | that day | +0.69% | final price |
| ASML | three days earlier | -4.45% | final price |
| ASML | five days earlier | -6.17% | final price |
| NVDA | that day | -0.76% | final price |
| NVDA | three days earlier | +0.31% | final price |
| NVDA | five days earlier | -1.43% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | -1.64% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | -1.86% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | -2.90% | final price |
| Vaneck Etf Trust (SMH) | that day | -1.14% | final price |
| Vaneck Etf Trust (SMH) | three days earlier | -4.67% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | -7.89% | final price |
| Ishares Tr (SOXX) | that day | -1.55% | final price |
| Ishares Tr (SOXX) | three days earlier | -5.71% | final price |
| Ishares Tr (SOXX) | five days earlier | -8.88% | final price |
| TSM | that day | -1.82% | final price |
| TSM | three days earlier | -3.47% | final price |
| TSM | five days earlier | -6.22% | final price |
Congressional trades in the stocks in this story
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 29 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 31 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Microsoft (MSFT), worth $1,001 - $15,000 on 24 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 45 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 63 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 83 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 28 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Nvidia (NVDA) (held by a dependent child), worth $1,001 - $15,000 on 23 Sep 2026. That is 36 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Nvidia (NVDA) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Cleo Fields bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 9 Oct 2026. That is 20 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 37 days before publication. Filed 12 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in semiconductors around Vaneck Etf Trust (SMH)
Companies tied to this story
- SMH Vaneck Etf Trust
For “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.,” Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story
- SOXX Ishares Tr
In “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.,” Ishares Tr (SOXX) is linked, with no stored direction, medium confidence. Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story
- QQQ Invesco Qqq Trust, Series 1
In “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “big tech” (AI and big tech) in this story
- MSFT Microsoft
For “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “big tech” (AI and big tech) in this story
- GOOGL Alphabet
For “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “big tech” (AI and big tech) in this story
- AMZN Amazon Com
Amazon Com (AMZN) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now..” Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “big tech” (AI and big tech) in this story
- META Meta Platforms
For “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.,” Meta Platforms (META) is linked, with no stored direction, medium confidence. Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “big tech” (AI and big tech) in this story
- AVGO Broadcom
In “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.,” Broadcom (AVGO) is linked, with no stored direction, medium confidence. Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story
Vaneck Etf Trust (SMH) and the semiconductors link
The 29 Oct 2026 story “Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.” names Vaneck Etf Trust (SMH) because of Semiconductors.
What ties Vaneck Etf Trust (SMH) to the headline is this: VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story
A second company, Ishares Tr (SOXX), is listed for a different reason: iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story
Price levels for Vaneck Etf Trust (SMH)
QQQ traded between 701.18 and 762.84 across 18 sessions. The latest close on file is 725.59. SMH traded between 520.59 and 639.33 across 20 sessions. The latest close on file is 568.02. SOXX traded between 472.27 and 596.41 across 20 sessions. The latest close on file is 521.94.
How solid the semiconductors case looks
54 out of 100
“Big Tech Earnings Couldn’t Ignite Chip Stocks. What The Semis Need Now.” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.