Chip Stocks Lost $1.3 Trillion in One Morning (Nov 5, 2026)

The PHLX Semiconductor Index (SOX) fell about 11% on Thu, Nov 5, 2026; if it holds, its worst day since March 2020.

November 5, 2026 · 117 views · YouTube video: Chip Stocks Lost $1.3 Trillion in One Morning

Watch on YouTube · Subscribe to @PROOFOFDATA

Quick overview

On November 5, 2026, 15 of the largest chip stocks lost about $1.3 trillion in value by late morning.
The SOX chip index fell about 11%. If it holds, that is its worst day since March 2020.
Traders fear the new Congress could slow the AI data center buildout. Qualcomm's weak forecast added to it.

−$1.3T Lost across 15 big chip stocks
−11% PHLX Semiconductor Index (SOX)
−$400B Nvidia alone

What happened

The PHLX Semiconductor Index fell about 11% on Thursday, November 5, 2026. Across 15 of the largest chip stocks, about $1.3 trillion in market value was gone by late morning. Nvidia alone lost about $400 billion.

Who fell most

Micron and AMD fell about 16%, SanDisk about 20% and Qualcomm about 13% after a weak forecast. Traders fear the new Democratic Congress could slow the AI data center buildout. In one morning, the AI trade turned.

Watch the 30-second short to see how the AI trade turned in one morning.

FAQ

Why did chip stocks crash on November 5, 2026?

Traders fear the new Democratic Congress could slow the AI data center buildout, and Qualcomm's weak forecast added pressure. The SOX index fell about 11%.