Why tech stocks suffered their biggest selloff in years
Published . Updated .
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In today's edition: Apple, Google, IREN, Meta, Microsoft, Nebius, Nintendo, Nscale, Nvidia, OpenAI, Sony, TikTok, Uranium Digital.
Directly affected
- AAPL Apple+2.5% 30d
Named in this report.
- GOOGL Alphabet-15.6% 30d
Named in this report.
- IREN Iren-41.3% 30d
Named in this report.
- MSFT Microsoft+11.8% 30d
Named in this report.
- NTDOY Nintendo (TYO: 7974)
Named in this report.
- NVDA Nvidia-8.4% 30d
Named in this report.
Indirectly affected
- URA Global X Uranium ETF
Global X Uranium ETF: it holds uranium and nuclear-power companies. Linked by “uranium” (uranium and nuclear power) in this story.
- NLR VanEck Uranium and Nuclear ETF
VanEck Uranium and Nuclear ETF: it holds uranium and nuclear-power companies. Linked by “uranium” (uranium and nuclear power) in this story.
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “openai” (AI and big tech) in this story.
- CCJ Cameco
Cameco (miscellaneous metal ores): nuclear-power and uranium firms gain when nuclear plans grow. Linked by “uranium” (uranium and nuclear power) in this story.
- NXE NexGen Energy
NexGen Energy (miscellaneous metal ores): nuclear-power and uranium firms gain when nuclear plans grow. Linked by “uranium” (uranium and nuclear power) in this story.
- AVGO Broadcom
Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.
- LEU Centrus Energy
Centrus Energy (mining and quarrying of nonmetallic minerals (no fuels)): nuclear-power and uranium firms gain when nuclear plans grow. Linked by “uranium” (uranium and nuclear power) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| AAPLNo price data for this ticker | — | — | — | — | — | — | — |
| GOOGLNo price data for this ticker | — | — | — | — | — | — | — |
| IRENNo price data for this ticker | — | — | — | — | — | — | — |
| MSFTNo price data for this ticker | — | — | — | — | — | — | — |
| NTDOYNon-US listing (OTC); price checks may stay empty | — | — | — | — | — | — | — |
| NVDANo price data for this ticker | — | — | — | — | — | — | — |
| URANo price data for this ticker | — | — | — | — | — | — | — |
| NLRNo price data for this ticker | — | — | — | — | — | — | — |
| SMHNo price data for this ticker | — | — | — | — | — | — | — |
| QQQ | +6.56% | +5.75% | base | after close | after close | after close | after close |
| CCJNo price data for this ticker | — | — | — | — | — | — | — |
| NXENo price data for this ticker | — | — | — | — | — | — | — |
| AVGONo price data for this ticker | — | — | — | — | — | — | — |
| LEUNo 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.
Why tech stocks suffered their biggest selloff in years Fortune
Source: Fortune
This story
| Company | When | Move | Status |
|---|---|---|---|
| QQQ | three days earlier | +5.75% | final price |
| QQQ | five days earlier | +6.56% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Apple (AAPL) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Apple (AAPL) (held by a spouse), worth $100,001 - $250,000 on 22 Sep 2026. That is 45 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Cleo Fields bought Apple (AAPL), worth $1,001 - $15,000 on 8 Sep 2026. That is 59 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 53 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 63 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 71 days before publication. Filed 12 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 35 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 37 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 39 days before publication. Filed 2 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 35 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 36 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 44 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).
How solid “Why tech stocks suffered their biggest selloff in years” looks
12 out of 100
“Why tech stocks suffered their biggest selloff in years” scores 12 out of 100. The score uses 1 sources.