{
  "id": 18382651,
  "title": "Deep chip selloff drags global stocks lower on AI spending concerns",
  "url": "https://urgent.news/2026/11/05/deep-chip-selloff-drags-global-stocks-lower-on-ai-spending-concerns",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-05T16:36:30.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/deep-chip-selloff-drags-global-stocks-lower-ai-spending-concerns-6526136"
  },
  "original_language": "en",
  "account": "Global stocks plummeted on Thursday, as a sharp decline in semiconductor shares and worries about a potential slowdown in artificial intelligence infrastructure spending dragged down markets. The Nasdaq corrected from its record high, while the Dow Jones, S&P 500, and Nasdaq Composite each dropped more than 4%. Qualcomm's shares fell 9.5% after smartphone chip sales fell short of expectations, while Nvidia was among the worst-performing tech stocks, down 9.3%. Investors were concerned that a Democrat-controlled US Congress could curb investment in AI infrastructure, with several candidates in the midterm elections opposing data center expansion. The MSCI All-World index declined 3.1%, and European markets also saw a dip. Oil prices rebounded, with Brent crude rising 3.88% to $98.29 a barrel, as concerns about the US-Iran war subsided.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}