AI Stocks Midday
📊 AI Stocks Midday Pulse — Thursday, November 5, 2026 at 10:30 AM
Indices: SPX ~7,420 (-3.5%) · NDX ~27,140 (-4.9%) · DJI ~52,100 (-2.3%)
Tone: risk-off — hard risk-off, and it's concentrated
Movers so far:
• AMD -14.6% — record Q3 wasn't enough; AI capex multiple unwinding
• MU -13.2% — memory-cycle anxiety, worst of the chip complex after AMD
• TSLA -11.1% — Musk-complex selling continues post-Democratic sweep
• ARM -12.0% — soft smartphone royalties in last night's print, multiple PT cuts
• NET -10.1% — reports after the close into a brutal tape
⚠️ Unusual: the SOX is down ~11% and the VIX jumped ~65% — biggest one-day fear-gauge spike in over two years. Yesterday's entire post-election rally is gone.
Watchlist:
• MU $690.05 (-13.23%) ⚠️
• NVDA $184.70 (-7.71%) ⚠️
• MSFT $540.78 (-2.70%)
• GOOGL $285.94 (-1.03%)
• META $606.32 (-3.76%) ⚠️
• AMZN $261.93 (-1.54%)
• AAPL $344.51 (-1.43%)
• AMD $417.25 (-14.63%) ⚠️
• TSLA $342.51 (-11.08%) ⚠️
• PLTR $155.91 (-9.20%) ⚠️
• ARM $168.83 (-11.98%) ⚠️
• SMCI $26.74 (-9.66%) ⚠️
• ORCL $115.05 (-7.02%) ⚠️
• SOUN $4.11 (-4.86%) ⚠️
• IONQ $26.07 (-11.76%) ⚠️
• BBAI $2.23 (-12.89%) ⚠️
• AVGO $299.73 (-7.91%) ⚠️
• CRM $222.77 (-1.91%)
• ADBE $246.11 (-0.95%)
• IBM $246.91 (-2.91%)
• SNOW $275.37 (-5.24%) ⚠️
• MDB $310.00 (-5.60%) ⚠️
• NET $239.56 (-10.14%) ⚠️
• CRWD $218.82 (-9.20%) ⚠️
• TSM $359.50 (-9.16%) ⚠️
• ASML $1,390.74 (-7.05%) ⚠️
News:
• 🔺 IPO watch: Anthropic filed its S-1 with the SEC this morning — Nasdaq listing under ticker "ANT," targeting mid-November. Investor marks have slipped to roughly $1.5T from ~$2T a week ago. OpenAI, meanwhile, has reportedly gathered only ~$11B of its $30B target at a ~$1.25T valuation; Brockman says a listing is a 2027 story.
• Macro: Bank of England hiked to 4%. Jobless claims fell to 189,000. October layoff announcements hit their lowest since 2023 — the data's fine; this is a positioning story, not an economy story.
• Oil rebounded with Brent near $97; Bitcoin broke below $76,000.