Key Highlights

  • Micron (NASDAQ:MU) lost 17.46% on November 5 following a report that a Taiwan fab plan had been put on hold, the sharpest fall of the five.
  • Bloom Energy (NYSE:BE) sank 16.41% on November 5 despite disclosing a 900 MW power agreement with NTT DATA that same day.
  • Nvidia (NASDAQ:NVDA) finished at USD 181.60, off 9.26% and beneath its 2025 year-end figure of USD 186.50.
  • Broadcom and Intel declined 10.43% and 10.33% as the semiconductor index shed about 12%.

Nvidia (NASDAQ:NVDA) and the Data Center Scare

Nvidia (NASDAQ:NVDA) gave up 3.17% to USD 200.13 on November 4, 2026, and a further 9.26% decline on November 5 left it at USD 181.60, under the 2025 year-end close of USD 186.50. Neither session carried a company-level trigger. The slump came after the midterms, when Texas governor-elect Gina Hinojosa vowed to halt new data center approvals and Democrats took both congressional chambers. Market Participants read that as a threat to how fast AI infrastructure gets funded. On November 5 the semiconductor index dropped roughly 12% and the Nasdaq lost 5.52%. NVDA regained about 6% on November 6 as a strong jobs report lifted stocks. The screen lists 125.15% EPS growth against a multiple of 25.30 times earnings, which suggests the selloff priced future spending rather than current profit. Whether buyers are adjusting purchase plans will be clearer once the next report arrives.

Broadcom (NASDAQ:AVGO) and Customer Concentration

Broadcom (NASDAQ:AVGO) dropped 2.00% to USD 325.48 on November 4, then 10.43% to USD 291.53 on November 5. Designing custom AI chips and networking parts places it at the heart of data center spending. Its prior release, dated September 2, reported AI semiconductor Revenue of USD 16.7 billion, a forward outlook of USD 21.7 billion and free Cash Flow of USD 13.7 billion. Neither session brought fresh company announcements, so the decline reflects the sector's direction. The screen gives a multiple of 41.55 times earnings, above Nvidia's, which may account for the steeper second-day fall. Broadcom's sales hinge on a small set of very large cloud buyers, so any sign those buyers are scaling back data center plans would hit it immediately.

Intel (NASDAQ:INTC) and Weak Guidance

Intel (NASDAQ:INTC) lost 3.77% to USD 58.27 on November 4, trading 189.30 million shares, the top share count on the most-active list, then declined 10.33% to USD 52.25 on November 5 and climbed about 6% on November 6. Intel was also weighed down by feeble company guidance, unlike its peers. Its reported fourth-quarter outlook pointed to sales of USD 15.0 billion to USD 16.0 billion, versus a consensus figure near USD 17.1 billion, along with a gross Margin close to 38.0%, down from 44.1%. An outage at Fab 28 in Israel was estimated to cost about USD 600 million of revenue across two quarters, and no positive free cash flow is expected for 2027. Those details rest on a single report. Trailing EPS stands at negative USD 2.39. On fundamentals INTC ranks last of the five, so separating the sector slump from its own troubles is difficult.

Micron (NASDAQ:MU) and the Taiwan Fab Pause

Micron (NASDAQ:MU) sank 7.00% to USD 795.23 on November 4, then plunged 17.46% to USD 656.39 on November 5, the steepest second-day decline in the set. Two pressures overlapped. Expectations of softer memory prices, which had helped Apple, bear directly on Micron's pricing. Afterward, a November 5 report indicated that a Taoyuan, Taiwan fab, which would have cost roughly USD 4.5 billion and focused on high-bandwidth and DRAM memory, had been put on hold. Micron responded that its Taiwan activities run as usual and labor talks continue; the union, representing around 2,400 of 3,000 workers there, held a 24-hour walkout on October 22. Taiwan generates about 60% of Micron's DRAM supply. Earnings growth of 878.77% sits next to a multiple of 10.72 times earnings. MU is at a cyclical peak in profits, and the selling suggests traders are wagering that the memory upturn is fading.

Bloom Energy (NYSE:BE) and a Contract That Did Not Help

Bloom Energy (NYSE:BE) lost 6.36% to USD 200.40 on November 4, and on November 5 it shed 16.41%, the same session it disclosed a 900 MW primary power contract with NTT DATA, with first deliveries in 2027 and undisclosed pricing. The good news did little to slow the decline. Bloom's fuel cells provide on-site power to data centers, tying it closely to the spending fears gripping chipmakers. Third-quarter sales surged 138.1% to USD 1.24 billion, and 2026 revenue guidance sits between USD 4.4 billion and USD 4.6 billion. BE recovered about 4% on November 6 to nearly USD 174, though it remains off roughly 41% over a single month. Its multiple of 124.09 is rich, leaving little margin for any slowdown in data center orders. Demand clearly persists given the NTT DATA deal, but how long it lasts is the open question investors are weighing.

Where Things Stand

Five active AI hardware names sank a further 9.26% to 17.46% on November 5, 2026, as post-election selling in data center names intensified and the semiconductor index dropped roughly 12%. Nvidia and Broadcom fell with the sector, with no company-specific news behind either move. Intel was hurt by weak reported guidance, Micron by a reported Taiwan plant pause and memory price fears, and Bloom Energy slid despite a new 900 MW contract. Partial recovery came on November 6, yet the two-day drop shows how quickly investors reset their view of AI hardware once the data center policy outlook shifted.