Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal
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On Nov. 4, 2026, Oracle shares slid in premarket trading as reports of a scrapped Tencent deal renewed focus on how it funds its AI buildout.
Directly affected
- ORCL Oracle-9.5% 30d
Named in this report.
- TCEHY Tencent (HKG: 0700)
Named in this report.
- TME Tencent Music Entertainment Group+9.2% 30d
Named in this report.
Indirectly affected
- KWEB KraneShares CSI China Internet ETF-5.2% 30d
KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “tencent” (Chinese tech) in this story.
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck 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.
- BABA Alibaba Group Holding-7.6% 14d
Alibaba Group Holding (business services): Chinese tech names move with Beijing policy and US-China relations. Linked by “tencent” (Chinese tech) in this story.
- PDD PDD Holdings
PDD Holdings (business services): Chinese tech names move with Beijing policy and US-China relations. Linked by “tencent” (Chinese tech) in this story.
- JD JD.com+1.1% 7d
JD.com (retail stores): Chinese tech names move with Beijing policy and US-China relations. Linked by “tencent” (Chinese tech) in this story.
- BIDU Baidu-11.0% 30d
Baidu (computer programming, data processing, etc.): Chinese tech names move with Beijing policy and US-China relations. Linked by “tencent” (Chinese tech) in this story.
- AVGO Broadcom
Broadcom (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 |
|---|---|---|---|---|---|---|---|
| ORCL | +12.75% | -3.78% | base | after close | after close | after close | after close |
| TCEHYNon-US listing (OTC); price checks may stay empty | — | — | — | — | — | — | — |
| TMENo price data for this ticker | — | — | — | — | — | — | — |
| KWEB | -6.25% | -3.97% | base | after close | after close | after close | after close |
| SMH | +11.33% | +0.71% | base | after close | after close | after close | after close |
| QQQNo price data for this ticker | — | — | — | — | — | — | — |
| BABA | -5.52% | -3.63% | base | after close | after close | after close | after close |
| PDD | -3.45% | -0.55% | base | after close | after close | after close | after close |
| JDNo price data for this ticker | — | — | — | — | — | — | — |
| BIDUNo price data for this ticker | — | — | — | — | — | — | — |
| AVGO | +5.97% | -0.99% | base | after close | 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.
Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal Yahoo Finance
Source: Yahoo Finance
Vaneck Etf Trust (SMH) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Broadcom (AVGO) | three days earlier | -0.99% | final price |
| Broadcom (AVGO) | five days earlier | +5.97% | final price |
| Alibaba Group Holding (BABA) | three days earlier | -3.63% | final price |
| Alibaba Group Holding (BABA) | five days earlier | -5.52% | final price |
| Kraneshares Csi China Internet Etf (KWEB) | three days earlier | -3.97% | final price |
| Kraneshares Csi China Internet Etf (KWEB) | five days earlier | -6.25% | final price |
| ORCL | three days earlier | -3.78% | final price |
| ORCL | five days earlier | +12.75% | final price |
| PDD Holdings (PDD) | three days earlier | -0.55% | final price |
| PDD Holdings (PDD) | five days earlier | -3.45% | final price |
| Vaneck Etf Trust (SMH) | three days earlier | +0.71% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | +11.33% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a dependent child), worth $1,001 - $15,000 on 30 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Oracle (ORCL) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Sen. Cory A Booker sold JD.com (JD) (held by a spouse), worth $1,001 - $15,000 on 11 Aug 2026. That is 85 days before publication. Filed 9 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 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 41 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 42 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 12 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 89 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 33 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 34 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 42 days before publication. Filed 7 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).
Who collects and who pays in semiconductors
Companies tied to this story
- SMH Vaneck Etf Trust
In “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal,” 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
For “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal,” 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
- KWEB Kraneshares Csi China Internet Etf
For “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal,” Kraneshares Csi China Internet Etf (KWEB) is linked, with no stored direction, medium confidence. Reason on file: KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “tencent” (Chinese tech) in this story
- BABA Alibaba Group Holding
Alibaba Group Holding (BABA) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal.” Reason on file: Alibaba Group Holding (business services): Chinese tech names move with Beijing policy and US-China relations. Linked by “tencent” (Chinese tech) in this story
- AVGO Broadcom
Broadcom (AVGO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal.” Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story
- PDD PDD Holdings
PDD Holdings (PDD) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal.” Reason on file: PDD Holdings (business services): Chinese tech names move with Beijing policy and US-China relations. Linked by “tencent” (Chinese tech) in this story
- ASML Asml Holding
For “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. 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
Nvidia (NVDA) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal.” Reason on file: Nvidia (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
“Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal” (4 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
Dates in the story, and the Vaneck Etf Trust (SMH) price range
KWEB traded between 22.90 and 25.02 across 20 sessions. The latest close on file is 23.13. 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.
How solid the semiconductors case looks
46 out of 100
“Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.