Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896
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More than $2 trillion is gone from the S&P 500 as memory, chip, and AI infrastructure stocks wiped out Wednesday's midterm rally and then some.
Directly affected
- No company is named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF-20.8% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- AVGO Broadcom-7.1% 30d
Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- ASML ASML Holding N.V-2.4% 15d
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-8.4% 30d
Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- AMD Advanced Micro Devices-22.3% 30d
Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- MSFT Microsoft+11.8% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) 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 | +11.33% | +0.71% | base | -9.86% | after close | after close | after close |
| SOXX | +13.89% | +0.56% | base | -11.04% | after close | after close | after close |
| QQQNo price data for this ticker | — | — | — | — | — | — | — |
| AVGO | +5.97% | -0.99% | base | -9.25% | after close | after close | after close |
| ASML | +12.01% | +1.96% | base | -7.42% | after close | after close | after close |
| NVDA | +6.76% | +1.02% | base | -8.58% | after close | after close | after close |
| AMD | +15.92% | -4.49% | base | -17.45% | after close | after close | after close |
| MSFTNo price data for this ticker | — | — | — | — | — | — | — |
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.
Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896 Yahoo Finance
Source: Yahoo Finance
How far Vaneck Etf Trust (SMH) has moved since 5 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Advanced Micro Devices (AMD) | that day | -17.45% | final price |
| Advanced Micro Devices (AMD) | three days earlier | -4.49% | final price |
| Advanced Micro Devices (AMD) | five days earlier | +15.92% | final price |
| Asml Holding (ASML) | that day | -7.42% | final price |
| Asml Holding (ASML) | three days earlier | +1.96% | final price |
| Asml Holding (ASML) | five days earlier | +12.01% | final price |
| Broadcom (AVGO) | that day | -9.25% | final price |
| Broadcom (AVGO) | three days earlier | -0.99% | final price |
| Broadcom (AVGO) | five days earlier | +5.97% | final price |
| Nvidia (NVDA) | that day | -8.58% | final price |
| Nvidia (NVDA) | three days earlier | +1.02% | final price |
| Nvidia (NVDA) | five days earlier | +6.76% | final price |
| Vaneck Etf Trust (SMH) | that day | -9.86% | final price |
| Vaneck Etf Trust (SMH) | three days earlier | +0.71% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | +11.33% | final price |
| Ishares Tr (SOXX) | that day | -11.04% | final price |
| Ishares Tr (SOXX) | three days earlier | +0.56% | final price |
| Ishares Tr (SOXX) | five days earlier | +13.89% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. John J McGuire III sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 24 Sep 2026. That is 42 days before publication. Filed 1 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a dependent child), worth $15,001 - $50,000 on 23 Sep 2026. That is 43 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 13 days before publication. Filed 28 Oct 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 90 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Pete Sessions sold Nvidia (NVDA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 34 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 35 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 43 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Advanced Micro Devices (AMD) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 62 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Advanced Micro Devices (AMD), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Advanced Micro Devices (AMD), worth $1,001 - $15,000 on 18 Aug 2026. That is 79 days before publication. Filed 10 Sep 2026. View the filing.
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 34 days before publication. Filed 27 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 mentioned with this story
- SMH Vaneck Etf Trust
Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story
- SOXX Ishares Tr
Ishares Tr (SOXX) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896.” Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story
- AVGO Broadcom
Broadcom (AVGO) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896.” Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story
- ASML Asml Holding
Asml Holding (ASML) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896.” Reason on file: 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
In “Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story
- AMD Advanced Micro Devices
In “Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896,” Advanced Micro Devices (AMD) is linked, with no stored direction, medium confidence. Reason on file: Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story
How semiconductors news reaches Vaneck Etf Trust (SMH)
“Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896” (5 Nov 2026) reaches Vaneck Etf Trust (SMH) through Semiconductors.
For Vaneck Etf Trust (SMH), the reason on file says 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
The price range for Vaneck Etf Trust (SMH), and the dates in the story
AVGO traded between 319.31 and 373.32 across 20 sessions. The latest close on file is 325.63. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. SOXX traded between 452.10 and 596.35 across 20 sessions. The latest close on file is 453.73.
A simple score for Vaneck Etf Trust (SMH)
46 out of 100
“Chip stocks get slaughtered as Wall Street heads for its worst post-midterm day since 1896” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.