MarketsChips US stocks have their worst day since April 2025 as an AI chip selloff hits the Nasdaq The Nasdaq fell five and a half percent into a correction as chip stocks slumped on fears of a slower US data-centre buildout after the midterms.
MarketsChips Qualcomm handset chip sales fall by a quarter as the company bets on cars and data centres Qualcomm's quarterly handset revenue fell 26 percent as Apple business fades, while car chip sales hit a record of about two billion dollars.
ChipsMarkets AMD data centre sales nearly double and the chipmaker guides higher AMD's third quarter revenue rose 45 percent to a record 13.4 billion dollars, led by data centre chips, with about 17 billion guided for the fourth.
ChipsMarketsAI Marvell agrees to buy Lumentum for about 115 billion dollars to own AI optics Marvell will buy optical maker Lumentum in an all-stock deal valued at about 115 billion dollars, a bet that AI data centres move from copper to light.
MarketsChips Intel has its worst day since 1974 after a weak outlook drags the Nasdaq down Intel beat its own third-quarter targets but guided fourth-quarter revenue and margin lower on a PC slowdown; the shares fell 28.6 percent on 30 October.
