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Myb News · Oct 27, 2026

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Chipmakers and tech giants are losing ground while average stocks see a historic comeback The Nasdaq Composite dropped 1.4% in October as investors pull money from companies like Nvidia and Alphabet. The PHLX Semiconductor Index fell more than 10% due to concerns about artificial intelligence spending and rising borrowing costs. Meanwhile, the equal-weight S&P 500 is outperforming the standard index by 4.1 percentage points. This marks the biggest reversal of fortune for the average stock on record. For the full story

*Chipmakers and tech giants are losing ground while average stocks see a historic comeback* The Nasdaq Composite dropped 1.4% in October as investors pull money from companies like Nvidia and Alphabet. The PHLX Semiconductor Index fell more than 10% due to concerns about artificial intelligence spending and rising borrowing costs. Meanwhile, the equal-weight S&P 500 is outperforming the standard index by 4.1 percentage points. This marks the biggest reversal of fortune for the average stock on record. *For the full story* https://mybnews.com/a/nvidia-and-other-tech-giants-tumble-as-the-rest-of-the-market-surges

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