AI Stocks Plunge: Nvidia Down 8.7%, AMD Falls 15% on Selloff

U.S. stocks took a major hit on Thursday, November 5, 2026, as investors dumped AI-related shares in a sharp selloff. The Dow fell about 1,150 points, or 2.2 percent, while the S&P 500 dropped 2.8 percent and the Nasdaq slid 3.2 percent. The tech-heavy Nasdaq was now about 10 percent below its October record close, marking one of the worst days for chip stocks since March 2020.

Chipmakers bore the brunt of the losses. Nvidia fell 8.7 percent and Broadcom dropped 9.3 percent, while Micron and AMD each lost more than 15 percent. The iShares Semiconductor ETF plunged over 12 percent. Nebius fell more than 17 percent. Several factors drove the selloff, including Democrats winning Congress, China delaying Nvidia chip imports, and weak guidance from Qualcomm. Voter backlash against data center projects also rattled Bay Area tech stocks, with concerns about political risk and uncertain returns on AI spending compounding the pressure.

Despite the downturn, some voices remained optimistic. AMD CEO Lisa Su said she still sees strong demand for AI chips. Jim Cramer argued the AI trade will continue even as the Nasdaq enters correction territory, though he acknowledged that building new data centers is getting harder due to financing issues and political scrutiny. His Investing Club maintained positions in companies like Micron and Qnity.

On the product front, Google is reportedly preparing to release Gemini 4 Hydrogen, a Flash-tier model in the Gemini 4 family. Multiple users reported five Hydrogen checkpoints running at speeds of 300 to 500 tokens per second. The model is being A/B tested on Google AI Studio and LMArena, though Google has not confirmed any details about checkpoint count, token speeds, or a release date.

Perplexity launched a new feature called Teammates, offering AI agents designed to help workers with daily tasks. These agents can take on different roles and pull information from existing Perplexity tools, with users tracking progress through threads or Slack. CEO Aravind Srinivas envisions every organization having hundreds of these digital helpers, positioning the product as a direct competitor to workplace tools from OpenAI and Anthropic.

OpenAI published a policy blueprint with commitments for its data centers, including plans to seek community input and publish construction details. The policy has been in development since August, following voter opposition to data centers during the midterm elections. CEO Sam Altman discussed the initiative at Oracle AI World in October 2026.

Separately, researchers introduced a new system called Multi-Item Scoring that speeds up web page ranking. The tool balances ads and regular content while maintaining search quality, running four times faster than older methods. Tests on large social video platforms showed improvements in how long users watched videos, offering a way to run better search engines without expensive computing power.

Bangladesh and South Korea agreed to strengthen their economic partnership with a focus on AI and technology. Finance Minister Amir Khosru Mahmud Chowdhury led a delegation to Seoul to discuss investment and infrastructure projects, including a $3 billion fund for initiatives like the Dhaka Mass Rapid Transit Line-5. Both countries also discussed building a large language model for Bangladesh and integrating AI into education and healthcare.

Key Takeaways

U.S. stocks fell sharply on November 5, 2026, with the Nasdaq dropping 3.2 percent and the Dow losing about 1,150 points amid an AI-related selloff.
Nvidia fell 8.7 percent, Broadcom dropped 9.3 percent, and Micron and AMD each lost more than 15 percent in the worst day for chip stocks since March 2020.
Democrats winning Congress, China delaying Nvidia chip imports, weak Qualcomm guidance, and voter backlash against data centers all drove the market selloff.
AMD CEO Lisa Su and Jim Cramer both expressed continued confidence in long-term AI chip demand despite the short-term downturn.
Google is reportedly testing Gemini 4 Hydrogen, a Flash-tier model with speeds of 300 to 500 tokens per second, though no official release date has been confirmed.
Perplexity launched Teammates, AI agents for workplace tasks that compete directly with similar products from OpenAI and Anthropic.
OpenAI published a data center policy blueprint after voter opposition in the midterm elections, committing to community input and transparent construction plans.
A new system called Multi-Item Scoring speeds up web page ranking four times faster than older methods while maintaining search quality.
Bangladesh and South Korea are collaborating on AI initiatives, including a plan to build a large language model for Bangladesh and a $3 billion infrastructure fund.
Online brokers like Robinhood and Webull are adding AI agents for users, but experts say these tools cannot replace human investment decisions.

US stocks drop as AI concerns hit Nasdaq and Dow

U.S. stocks fell sharply on Thursday, November 5, 2026 as investors sold AI-related shares. The Dow dropped about 1,150 points, or 2.2 percent, while the S&P 500 fell 2.8 percent and the Nasdaq slid 3.2 percent. The Nasdaq was about 10 percent below its October record close. Voters' concerns about data centers and weak guidance from Qualcomm added pressure on chip stocks.

AI stock trade suffers worst day since pandemic

Chip stocks had their worst day since March 2020 on Thursday. Nvidia fell 8.7 percent and Broadcom dropped 9.3 percent, while Micron and AMD each lost more than 15 percent. The iShares Semiconductor ETF fell over 12 percent. Democrats winning Congress, China delaying Nvidia chip imports, and weak company forecasts all drove the selloff. AMD CEO Lisa Su said she still sees strong AI chip demand.

Tech and AI stocks crash as Nasdaq falls over 5 percent

Tech and AI stocks were hammered on Thursday, with the Nasdaq Composite dropping more than 5 percent. The S&P 500 fell about 3.5 percent and the Dow lost roughly 1,300 points. Nebius fell over 17 percent, Micron and AMD each dropped more than 15 percent, and Nvidia fell over 8 percent. Concerns included political risk for data centers, doubts about AI spending returns, and a weak Qualcomm report.

Bay Area AI stocks plunge after data center voter backlash

Bay Area AI stocks fell sharply after voters expressed opposition to data center projects. The article reports on the decline of local tech stocks linked to data center construction. Voter backlash and election results created uncertainty about future data center projects in the region. The article could not fully load due to technical issues.

World shares mostly higher as AI-related stocks sink

Global stock markets were mostly higher on Thursday while AI-related stocks declined. The article covers how international markets moved differently from U.S. tech stocks during the selloff. AI concerns in the United States weighed on tech shares while broader world shares stayed mostly positive. The article could not fully load due to technical issues.

New AI method speeds up web page ranking

Researchers created a new system called Multi-Item Scoring to make ranking web pages faster. This tool helps balance ads and regular content while keeping search results high quality. Tests show it works almost as well as older methods but runs four times faster on computers. The new system was tested on large social video platforms and improved how long users watched videos. This breakthrough helps companies run better search engines without needing expensive computer power.

Bangladesh and South Korea plan AI deals

Bangladesh and South Korea agreed to strengthen their economic partnership with a focus on artificial intelligence and technology. Finance Minister Amir Khosru Mahmud Chowdhury led a delegation to Seoul to discuss investment and infrastructure projects. The two nations reviewed a $3 billion fund for projects like the Dhaka Mass Rapid Transit Line-5 and new bridges. They also discussed creating a new $1 to $2 billion sovereign fund to attract more investment. Both countries want to build a large language model for Bangladesh and use AI in education and healthcare.

Jim Cramer says AI stocks will keep growing

Jim Cramer stated that the artificial intelligence trade will continue even as the Nasdaq stock index enters a correction. The tech-heavy Nasdaq dropped 4.2% recently, but Cramer believes the long-term growth of AI data centers is not stopping. He warned that building new data centers is becoming harder due to financing issues and political scrutiny. Despite the market drop, his Investing Club kept some positions in companies like Micron and Qnity. Cramer also noted that strong earnings from healthcare and consumer goods companies helped support the broader market.

AI trading tools help but cannot replace humans

Online brokers like Robinhood and Webull are adding AI agents to help users monitor markets and automate some tasks. Experts say these tools cannot make investment decisions or predict the future on their own. Users must still create their own investment plans and provide the AI with specific instructions to follow. One investor uses AI to speed up his trading process but still reviews every decision before acting. While AI can reduce the time needed for trades, it does not change the long-term value of the companies being bought.

Perplexity launches new AI agents for work

Perplexity has launched a new feature called Teammates to help workers with their daily tasks. These AI agents can take on different roles and use information from existing Perplexity tools. Users can track the progress of their Teammates through threads in the app or via Slack. Perplexity CEO Aravind Srinivas says he envisions every organization having hundreds of these digital helpers. The new system aims to compete with similar products from OpenAI and Anthropic by focusing on workplace efficiency.

Grassroots contracts proposed to control AI risks on digital platforms

AI creates serious risks on digital platforms. Authors identify three major dangers including AI controlling platforms, unaccountable AI agents, and unattributed deepfakes. They propose grassroots contracts as a solution. The approach uses digital provenance and accountable AI agents. Working smartphone apps demonstrate how these contracts address the risks.

OpenAI commits to paying for data center power after election backlash

OpenAI published a policy blueprint with commitments for its data centers. The company will seek community input and publish construction plans. CEO Sam Altman spoke at Oracle AI World in October 2026. OpenAI Chief Global Affairs Officer Chris Lehane said the blueprint builds on previous initiatives. The policy has been in development since August after voter opposition to data centers in the midterm elections.

Google reportedly preparing Gemini 4 Hydrogen Flash model release

Google is reportedly preparing to release Gemini 4 Hydrogen, a Flash-tier model in the Gemini 4 family. Multiple X users reported five Hydrogen checkpoints with speeds of 300 to 500 tokens per second. The model is being A/B tested on Google AI Studio and LMArena. It may also be routing in Antigravity under model ID gemini-3.8-flash-router. Google has not confirmed any claims about checkpoint count, token speeds, or a release date.