AI stocks took a severe beating this week as the Nasdaq entered correction territory, dragging Asian markets down with it. Nvidia fell 9.26 percent and the Philadelphia Semiconductor Index plunged 12.2 percent following a 5.5 percent Nasdaq drop. Investors fled to bonds amid fears that a Democratic election sweep could slow data center development, and voters rejected data center proposals in 39 of 40 ballot measures. CoreWeave and Nebius Group each lost roughly half their value in a month, with CoreWeave trading at $45.89 versus a 52-week high of $138.25.
Not all companies are struggling, though. Intel, with a market cap of $277.7 billion, stands out as one of three AI infrastructure stocks that analysts say look attractive after the sell-off. Broadcom, valued at $1.39 trillion, supplies chips and software for AI data centers. Qualcomm also landed a new AWS custom silicon deal potentially worth up to $60 billion over ten years.
On the product front, Cursor launched Build Live Apps, letting users create hosted web apps from a text prompt. The feature sets up a Postgres database, configures authentication through Cursor SSO, and deploys after passing security checks. It is available on all paid plans with cloud agents enabled.
Tesla is ending Cybertruck production around mid-next year at Gigafactory Texas, delivering only 8,300 Cybertrucks in the third quarter of 2026. The factory will pivot to making the Cybercab self-driving taxi as Elon Musk shifts focus toward robotics, AI, and autonomous vehicles.
Cybersecurity concerns are escalating. OpenAI released a new bug-hunting model as AI-powered cyberattacks overwhelmed responders in Japan, South Korea, the US, and Europe. Dynatrace and CrowdStrike partnered to link AI-driven security with observability tools, supporting federated search and shared security context for enterprise customers. Meanwhile, the US Department of Justice launched the Super Intelligence Task Force to coordinate all AI-related criminal and civil enforcement efforts.
AI adoption in finance is now nearly universal, according to BDO's survey of 200 finance leaders. Over half were finance directors or VPs, and senior executives reported that AI tools improve forecasting, asset valuations, and auditing. Separately, the largest US CPA association found that AI helps accounting firms shift from compliance work to higher-value advisory services like proactive tax planning and growth strategies.
Key Takeaways
- <ul><li>The Nasdaq dropped 5.5 percent, entering correction territory, while Nvidia fell 9.26 percent and the Philadelphia Semiconductor Index plunged 12.2 percent</li><li>Intel, valued at $277.7 billion, is highlighted as an attractive AI infrastructure stock after the sell-off alongside Broadcom at $1.39 trillion</li><li>Qualcomm landed a new AWS custom silicon deal potentially worth up to $60 billion over ten years</li><li>Cursor launched Build Live Apps, enabling users to build and deploy hosted web apps from text prompts with Postgres database and SSO setup</li><li>Tesla will end Cybertruck production around mid-next year at Gigafactory Texas, delivering only 8,300 units in Q3 2026, pivoting to Cybercab</li><li>OpenAI released a new bug-hunting model as AI-powered cyberattacks surged across Japan, South Korea, the US, and Europe</li><li>Dynatrace and CrowdStrike partnered to integrate AI-driven security with observability tools, including federated search and shared security context</li><li>The US Department of Justice launched the Super Intelligence Task Force to unify federal AI-related criminal and civil enforcement</li><li>BDO's survey of 200 finance leaders found AI adoption in finance is now nearly universal, boosting forecasting and auditing</li><li>CoreWeave is down 35.9% year to date at $45.89, far below its 52-week high of $138.25, with a debt-to-equity ratio of 8.94</li></ul>
3 AI Stocks Ride Robotics and Automation Demand
A global fuel shortage is pushing refiners to use more automation, benefiting robotics stocks. ON Semiconductor makes sensing and power chips for industrial robots and AI data centers. Allegro MicroSystems builds magnetic sensors for precise motion control in factory robots. Teradyne supplies test systems and collaborative robots like Universal Robots and MiR for factories and warehouses.
Dynatrace and CrowdStrike Team Up on AI Security
Dynatrace and CrowdStrike announced a partnership to link AI-driven security with observability tools. The collaboration will support federated search, shared security context, and flexible data routing for enterprise customers. Both companies plan to use each other's platforms internally. Investors will look for large deals and renewals that cite joint deployments to measure the partnership's impact.
3 AI Infrastructure Stocks to Watch in November 2026
After a major chip sell-off, three AI infrastructure stocks appear attractive. Broadcom supplies chips and software for AI data centers with a market cap of $1.39 trillion. Intel develops chips for PCs, servers, and AI data centers with a market cap of $277.7 billion. Qualcomm develops wireless and AI chips, with a new AWS custom silicon deal potentially worth up to $60 billion over ten years.
Black October Reveals AI Advantage for Cybercriminals
Recent AI-powered cyberattacks in Japan, South Korea, the US, and Europe have overwhelmed responders. The trend shows that AI tools give cybercriminals a significant advantage over corporate and government networks. OpenAI also released a new bug-hunting model. Additional reports covered a hack at Myriad Genetics and cyberattacks on India's banks.
BDO Survey Shows AI Adoption Near Universal in Finance
BDO's third annual Audit Innovation Survey polled 200 finance leaders about AI in companies and auditing. Over half of respondents were finance directors or VPs, about one third were CFOs, and 9% were controllers. Senior executives reported that AI tools boost forecasting, asset valuations, and auditing tasks. The survey found AI adoption in finance is now nearly universal.
US DOJ launches Super Intelligence Task Force for AI enforcement
The US Department of Justice created the Super Intelligence Task Force to coordinate AI-related criminal and civil law enforcement. This new entity absorbs a previous body that focused on challenging state AI laws. The move aims to unify federal efforts around artificial intelligence regulation and oversight.
Cursor now lets users build and deploy live apps from prompts
Cursor released Build Live Apps, a feature that creates hosted web apps from a simple text prompt. The system scaffolds the app, sets up a Postgres database if needed, and configures authentication through Cursor SSO. Apps deploy to a chosen domain after passing deterministic and agentic security checks. The feature is available now on all paid plans with cloud agents enabled.
Asian stocks crash as Nasdaq enters correction over AI fears
Asian stock markets fell sharply on Friday after the Nasdaq dropped 5.5 percent on Thursday, entering correction territory. Japan's Nikkei fell 7 percent and South Korea's Kospi dropped over 8 percent, triggering a trading halt. Nvidia fell 9.26 percent while the Philadelphia Semiconductor Index plunged 12.2 percent. Voters also rejected data center proposals in 39 of 40 ballot measures.
AI can help accountants focus on advisory work, says CPA group
Research from the largest US CPA association found that AI can help accounting firms shift from compliance tasks to higher-value advisory services. Automating routine work creates time for proactive tax planning, growth strategies, and year-round financial guidance. The most successful firms prioritize connected systems, intelligent analysis, and trustworthy AI recommendations. Change management and staff training are equally important as technology investments.
Tesla to end Cybertruck production, shift focus to Cybercab and AI
Tesla will stop Cybertruck production around the middle of next year at its Gigafactory Texas plant. The factory will instead focus on producing the Cybercab, the company's self-driving taxi. Elon Musk has prioritized robotics, artificial intelligence, and autonomous vehicles over traditional car models. Tesla delivered only 8,300 Cybertrucks in the third quarter of 2026, far below earlier targets.
CoreWeave and Nebius stock crash as earnings approach
CoreWeave and Nebius Group lost about half their value in one month. CoreWeave is down 35.9% year to date and trades at $45.89, far below its 52-week high of $138.25. The company has high debt with a debt-to-equity ratio of 8.94 and faces a securities fraud lawsuit. CoreWeave reports third quarter earnings on November 10, 2026, which will determine if the selloff was an overreaction or a valid warning.
AI sell-off signals more market trouble ahead
Companies spending heavily on AI with negative free cash flow are being punished by investors. S&P 500 tech firm earnings are expected to rise 54 percent this year while overall index profits will rise 33 percent. The Nasdaq 100 briefly entered correction territory on October 30 as investors fled to safer investments like US Treasury bonds. Beneficiaries of AI spending may face similar pressure next.
AI investors retreat as political fears mount
Investors abandoned leading AI chipmakers on Friday as margin calls spread across Asia and bonds surged. The selloff was triggered by concerns that Democrats' election sweep could slow data center development. Confidence had already weakened due to doubts about whether massive AI investments will generate sufficient returns. This followed Wall Street's steepest wipeout since the year began.
Sources
- 3 AI Stocks With Revenue Growth Over 12%
- Why Is Dynatrace (DT) Pairing AI Security With Observability Now?
- 3 Great AI Infrastructure Stocks To Own In November 2026
- ‘Black October’ Shows AI Advantage Goes to Cybercriminals
- AI’s Role in Finance Is Here to Stay—and Adoption Near Universal: BDO
- US DOJ combines AI efforts with new Super Intelligence Task Force | MLex | Specialist news and analysis on legal risk and regulation
- Cursor now ships the app, not just the code
- Asian stocks plunge after Nasdaq enters correction territory on AI fears
- How AI can elevate accountants' roles
- Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI
- AI Cloud Crash Puts CoreWeave and Nebius on Sale. Their Next Reports Decide What Happens Next
- Macroscope | The AI sell-off is a taste of things to come
- Morning Bid: AI's reality check
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