# Chip selloff drags global stocks lower on AI spending concerns

- URL: https://talkfuse.com/story/chip-selloff-drags-global-stocks-lower-on-ai-spending-concerns/
- Published: 2026-11-05T16:36:30+00:00
- Updated: 2026-11-05T18:09:35+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/chip-selloff-drags-global-stocks-lower-ai-spending-concerns-6526136
- Topics: AI, Business, Markets, Technology, World

## Key points

- Semiconductor shares fell sharply after Qualcomm missed sales estimates.
- US election results fuelled doubts about AI infrastructure investment.
- Global stocks declined as oil rose amid Iran war uncertainty.

## Summary

Global shares fell as investors sold semiconductor stocks following Qualcomm’s weaker-than-expected smartphone chip sales. Concerns that election results could slow US investment in AI infrastructure added to pressure on technology shares and pushed the Nasdaq towards a correction.

The Philadelphia Semiconductor Index dropped 11 per cent, while the Dow fell 2.2 per cent, the S&P 500 3.4 per cent and the Nasdaq 5.2 per cent. The MSCI All-World index lost 2.5 per cent and Europe’s STOXX 600 fell 0.67 per cent; meanwhile, Brent crude rose to about US$97 a barrel amid uncertainty over the Iran war.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.