US AI and Chip Stocks Shed $5 Trillion in Market Value; Intel's Worst Crash in 52 Years Raises Questions About AI Profitability
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This report is about semiconductors and AI and big tech.
Directly affected
- INTC Intel-54.2% 30d
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.
- 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.
- TSM Taiwan Semiconductor Manufacturing-9.5% 30d
Taiwan Semiconductor Manufacturing (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.
- GOOGL Alphabet-15.6% 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| INTC | +37.63% | +45.22% | base | -9.33% | -8.03% | -11.53% | after close |
| SMH | +3.57% | +8.65% | base | -2.83% | -0.85% | -3.52% | after close |
| SOXX | +4.40% | +10.71% | base | -3.76% | -1.40% | -4.29% | after close |
| QQQ | +3.12% | +5.08% | base | -1.30% | -0.76% | +0.17% | after close |
| ASML | +1.58% | +6.31% | base | -2.87% | -0.87% | -4.44% | after close |
| NVDA | +5.49% | +5.17% | base | -1.25% | +0.88% | -2.24% | after close |
| TSM | +4.53% | +8.29% | base | -1.81% | -0.30% | -2.57% | after close |
| MSFT | +2.03% | +1.97% | base | -2.87% | -0.22% | +6.53% | after close |
| GOOGL | +13.19% | +16.25% | base | -0.31% | +0.00% | +3.25% | 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.
US AI and Chip Stocks Shed $5 Trillion in Market Value; Intel's Worst Crash in 52 Years Raises Questions About AI Profitability BigGo Finance
Source: BigGo Finance
Semiconductors
| Company | When | Move | Status |
|---|---|---|---|
| ASML | that day | -2.87% | final price |
| ASML | the next day | -0.87% | final price |
| ASML | two days later | -4.44% | final price |
| ASML | three days earlier | +6.31% | final price |
| ASML | five days earlier | +1.58% | final price |
| GOOGL | that day | -0.31% | final price |
| GOOGL | the next day | 0.00% | final price |
| GOOGL | two days later | +3.25% | final price |
| GOOGL | three days earlier | +16.25% | final price |
| GOOGL | five days earlier | +13.19% | final price |
| INTC | that day | -9.33% | final price |
| INTC | the next day | -8.03% | final price |
| INTC | two days later | -11.53% | final price |
| INTC | three days earlier | +45.22% | final price |
| INTC | five days earlier | +37.63% | final price |
| MSFT | that day | -2.87% | final price |
| MSFT | the next day | -0.22% | final price |
| MSFT | two days later | +6.53% | final price |
| MSFT | three days earlier | +1.97% | final price |
| MSFT | five days earlier | +2.03% | final price |
| NVDA | that day | -1.25% | final price |
| NVDA | the next day | +0.88% | final price |
| NVDA | two days later | -2.24% | final price |
| NVDA | three days earlier | +5.17% | final price |
| NVDA | five days earlier | +5.49% | final price |
| QQQ | that day | -1.30% | final price |
| QQQ | the next day | -0.76% | final price |
| QQQ | two days later | +0.17% | final price |
| QQQ | three days earlier | +5.08% | final price |
| QQQ | five days earlier | +3.12% | final price |
| SMH | that day | -2.83% | final price |
| SMH | the next day | -0.85% | final price |
| SMH | two days later | -3.52% | final price |
| SMH | three days earlier | +8.65% | final price |
| SMH | five days earlier | +3.57% | final price |
| SOXX | that day | -3.76% | final price |
| SOXX | the next day | -1.40% | final price |
| SOXX | two days later | -4.29% | final price |
| SOXX | three days earlier | +10.71% | final price |
| SOXX | five days earlier | +4.40% | final price |
| TSM | that day | -1.81% | final price |
| TSM | the next day | -0.30% | final price |
| TSM | two days later | -2.57% | final price |
| TSM | three days earlier | +8.29% | final price |
| TSM | five days earlier | +4.53% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Intel (INTC) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Intel (INTC), worth $100,001 - $250,000 on 21 Aug 2026. That is 73 days before publication. Filed 8 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 10 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 87 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 31 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 32 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 40 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 24 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 41 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 69 days before publication. Filed 14 Oct 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 31 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 33 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).
How solid the semiconductors case looks
12 out of 100
“US AI and Chip Stocks Shed $5 Trillion in Market Value; Intel's Worst Crash in 52 Years Raises Questions About AI Profitability” scores 12 out of 100. The score uses 1 sources.