Alpha Weekly
Chip wreck and AI spending fears put Big Tech on the defensive
The S&P 500 slipped 0.6% last week, while the Nasdaq 100 fell 2.0% as a brutal chip selloff and mounting concerns about Big Tech's AI spending bills weighed on the market. Intel's weak earnings triggered the sharpest semiconductor rout in months and pulled the broader tech sector down with it.
November 5, 2026 · 2 min read
