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Nvidia’s unusually sharp selloff deepened its recent retreat, with trading volume nearly twice the usual level. Chip stocks faced heavier pressure than the broader technology market, and Nvidia’s early-week rebound has been erased.
Sandisk closed at a three-month low as an unusually sharp, high-volume selloff outweighed revenue and earnings beats. Datacenter growth and the next-quarter outlook remained strong, but selling pressure was substantially heavier than in related stocks.
AMD suffered an unusually large, opening-led selloff on roughly twice its normal trading volume. Intel’s results likely added pressure as investors reassessed chip demand ahead of AMD’s earnings on November 3.