If AI Spending Slows in 2027, These Semiconductor Stocks Could Hold Up Best
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This report is about AI and big tech and semiconductors.
Directly affected
- No company is named in this report.
Indirectly affected
- QQQ Invesco QQQ-3.3% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF-0.0% 18d
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “semiconductor” (semiconductors) in this story.
- MSFT Microsoft+1.8% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- GOOGL Alphabet-20.6% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- NVDA Nvidia-11.7% 30d
Nvidia (semiconductors and related devices): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- TSM Taiwan Semiconductor Manufacturing-11.9% 30d
Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “semiconductor” (semiconductors) in this story.
- AMZN Amazon.com-3.6% 30d
Amazon.com (catalog and mail-order houses): 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 |
|---|---|---|---|---|---|---|---|
| QQQ | -1.57% | +0.81% | base | -3.48% | -4.74% | -4.32% | after close |
| AIQ | -1.03% | +1.19% | base | -4.53% | -6.12% | -5.91% | after close |
| SMH | -6.13% | -0.69% | base | -6.90% | -9.53% | — | after close |
| MSFT | -1.13% | +0.22% | base | -1.59% | -4.41% | -3.93% | after close |
| GOOGL | +12.93% | +13.06% | base | -1.29% | -1.59% | -1.62% | after close |
| NVDA | -1.25% | +1.95% | base | -4.18% | -5.38% | -2.53% | after close |
| TSM | -3.07% | +1.22% | base | -5.94% | -7.64% | -5.87% | after close |
| AMZN | +1.73% | +3.85% | base | -1.40% | +0.81% | +1.38% | 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.
If AI Spending Slows in 2027, These Semiconductor Stocks Could Hold Up Best 24/7 Wall St.
Source: 24/7 Wall St.
Semiconductors
| Company | When | Move | Status |
|---|---|---|---|
| AIQ | that day | -4.53% | final price |
| AIQ | the next day | -6.12% | final price |
| AIQ | two days later | -5.91% | still updating |
| AIQ | three days earlier | +1.19% | final price |
| AIQ | five days earlier | -1.03% | final price |
| AMZN | that day | -1.40% | final price |
| AMZN | the next day | +0.81% | final price |
| AMZN | two days later | +1.38% | still updating |
| AMZN | three days earlier | +3.85% | final price |
| AMZN | five days earlier | +1.73% | final price |
| GOOGL | that day | -1.29% | final price |
| GOOGL | the next day | -1.59% | final price |
| GOOGL | two days later | -1.62% | still updating |
| GOOGL | three days earlier | +13.06% | final price |
| GOOGL | five days earlier | +12.93% | final price |
| MSFT | that day | -1.59% | final price |
| MSFT | the next day | -4.41% | final price |
| MSFT | two days later | -3.93% | still updating |
| MSFT | three days earlier | +0.22% | final price |
| MSFT | five days earlier | -1.13% | final price |
| NVDA | that day | -4.18% | final price |
| NVDA | the next day | -5.38% | final price |
| NVDA | two days later | -2.53% | still updating |
| NVDA | three days earlier | +1.95% | final price |
| NVDA | five days earlier | -1.25% | final price |
| QQQ | that day | -3.48% | final price |
| QQQ | the next day | -4.74% | final price |
| QQQ | two days later | -4.32% | still updating |
| QQQ | three days earlier | +0.81% | final price |
| QQQ | five days earlier | -1.57% | final price |
| SMH | that day | -6.90% | final price |
| SMH | the next day | -9.53% | final price |
| SMH | three days earlier | -0.69% | final price |
| SMH | five days earlier | -6.13% | final price |
| TSM | that day | -5.94% | final price |
| TSM | the next day | -7.64% | final price |
| TSM | two days later | -5.87% | still updating |
| TSM | three days earlier | +1.22% | final price |
| TSM | five days earlier | -3.07% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 30 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 32 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 46 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 56 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 64 days before publication. Filed 12 Sep 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 28 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 29 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 37 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 21 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 38 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 66 days before publication. Filed 14 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).
How solid the semiconductors case looks
12 out of 100Price not final
“If AI Spending Slows in 2027, These Semiconductor Stocks Could Hold Up Best” scores 12 out of 100. The score uses 1 sources. The price is not final yet.