---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — Chip Stocks Crash 12%"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000973335.md"
description: "Chips just had their worst day since 2020. Here's what drove it, how DBS and OCBC results stack up, and what to watch tonight."
datetime: "2026-11-06T02:27:05.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000973335.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000973335.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000973335.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — Chip Stocks Crash 12%

The Democratic sweep turned into an AI selloff. The chip index lost **12%**, its worst day since March 2020, and the Nasdaq 100 fell **6.4%**. STI opened about **2.7%** lower this morning, with DBS and OCBC results to digest. Let's dig in 👇

**💬 Is this the AI trade's reset or a buying window?**

## 📊 Quick Recap — What Moved & Why

### 🇺🇸 US — The Blue Wave Hits the Data Center Trade

**🔑 Key Event:** Investors now see the new Congress and key states as a brake on AI buildout, with Texas's incoming governor calling for a pause on new data centers. **S&P 500** **-4.36%****, Nasdaq** **-5.52%****, Dow** **-3.44%**; VIX jumped to **28**.

> @Shyon**:** I would not rush to declare the semiconductor selloff over just yet. The recent rebound could still be a relief rally.

**👀 Other to Watch**

-   $NVIDIA(NVDA.US) **-9.3%** → over **US$447B** wiped out, now about **24%** below its Oct 6 close.
-   $Sandisk(SNDK.US) **-22%**, $Micron Tech(MU.US) **-17%**, $AMD(AMD.US) **-17%**, $Tesla(TSLA.US) **-10.8%** → the AI-heavy names took the worst of it.
-   $Coreweave(CRWV.US)**,** $Nebius(NBIS.US)**,** $IREN(IREN.US) → down 15% to 17%; hyperscalers with permitted sites fell only 2% to 4%.
-   $AppLovin(APP.US) **+31%** on its Q3 beat; $CloudFlare(NET.US) **+15%** and $Airbnb(ABNB.US) **+11%** after hours on theirs.
-   **Also** → Fed's Hammack and Barkin back gradual hikes; Nvidia pitches up to **30x** agent throughput per dollar on just **3%** more HBM; OpenAI could be IPO-ready in **2027**.

### 🇸🇬 Singapore — Bank Results Land Into a Red Open

**🔑 Key Event:** OCBC's Q3 profit rose **3%** to **S$2.04B**, a slight beat. DBS fell **5%** to **S$2.81B**, missing the S$2.95B estimate as trading income sank **65%**, though management says interest income has passed the trough.

> @FaithAnchor**:** If earnings disappointments trigger a sector-wide pullback, DBS could be best positioned to lead the recovery.

> @ShortWalk**:** I think SG market will dip further as the Banks dips after Q3 earnings.

**👀 Other to Watch**

-   $DBS(D05.SG) → Anthony Lim takes over as chairman from Peter Seah on **Jan 1, 2027**; Q3 payout holds at **81 cents**.
-   $IHH(Q0F.SG) → close to **400** support staff across SG, HK and Malaysia to leave.
-   $Wilmar(F34.SG) → director George Yeo bought **100,000** shares at S$2.97, about a quarter below the August high.
-   **Retail sales** → September **+1.7%** year on year.

### 🇭🇰 HK/China — Asia Catches the Chip Fever

**🔑 Key Event:** Asia is following Wall Street down: KOSPI hit a circuit breaker and the Nikkei opened over **6%** lower. In Hong Kong, Hang Seng Tech leads losses with Lenovo down about **9%** and YOFC about **13%**, even though China ADRs closed higher overnight.

### 🌍 Other to Watch

-   🪙 **Gold** up about **1%**, on track for a weekly gain near **6%**; 🛢️ Brent bounced **3% to 4%** after a near **20%** slide this week.
-   ₿ **Bitcoin****-6%** below **US$76,000**.

## 📅 Upcoming Key Events

| **When (SGT)** | **What**                                                                                                                                    |
| -------------- | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **Fri 6 Nov**  | 🇸🇬 SingPost, FLCT, Yangzijiang, UMS results   🇺🇸 October jobs report, 9:30pm (consensus +59k, jobless rate 4.2%)   🇺🇸 UMich sentiment, 11pm |
| **Watching**   | 🇺🇸 October CPI, Tue 10 Nov   🇺🇸 State-level data center pauses                                                                              |

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: Nov 6, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

### Related Stocks

- [ABNB.US](https://longbridge.com/en/quote/ABNB.US.md)
- [APP.US](https://longbridge.com/en/quote/APP.US.md)
- [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md)
- [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [S08.SG](https://longbridge.com/en/quote/S08.SG.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [D05.SG](https://longbridge.com/en/quote/D05.SG.md)
- [Q0F.SG](https://longbridge.com/en/quote/Q0F.SG.md)
- [06869.HK](https://longbridge.com/en/quote/06869.HK.md)

## Comments (60)

- **NewUser_hCn26 · 2026-11-06T15:46:31.000Z**: Political and regulatory headwinds may delay hyperscale data center builds, creating a short-term valuation reset for high-multiple chipmakers. However, underlying AI compute demand remains structural. Dip-buyers can utilize the pullbacks as strategic entries, while domestic bank earnings offer cash
- **PSChua · 2026-11-06T14:39:15.000Z**: my take is that this AI rout is an over reaction. while it is evident that with Democrats in power in both chambers, there's going to be more scrutiny of AI build out, it may lead to more long term sustainable growth. short term wise, stay invested and buy into the correction (if you had done it), a
- **CrazyOne · 2026-11-06T13:48:45.000Z**: ok
- **Vt3 · 2026-11-06T12:06:03.000Z**: Mr. Market is fierce 👇
- **Valenxis · 2026-11-06T11:46:21.000Z**: expensive stocks are looking much cheaper now. after so long, finally a big and timely correction just nice with all the news or reasons as per global/us sentiment? time to buy the dip?  or wait for next recovery confirmation? do your own due diligence.
- **win win · 2026-11-06T11:44:24.000Z**: Mid Term election ends 1 day, AI stock dive into the sea, last night, all the 3 indexes in the US sold off heavy.
- **Vt3 · 2026-11-06T11:41:03.000Z**: One session coughed USDTrillion we have heard their noises already, let say another one more time, what will be their ‘new terms or conditions like’ softer or louder? Go think?  Guess cannot sustain more than 3 times lol
- **Vt3 · 2026-11-06T11:30:49.000Z**: If you all see this is a clear cut dirty game, I used to say problem, first we must understand, next must know how to play their dirty game in order not to lose or to say to win but never be swing by neck as we are the buyers, and I always will say buyers are King so is Cash. So later or next week p
- **Vt3 · 2026-11-06T11:28:14.000Z**: 📌🇸🇬 the power of money vs power of no monies will be the coming game for us to watch👀 The sellers are those leaders whom worked till their ass off this entire year having a new boss on your head threatening them to give in to their coming new terms (still unknown as yet) inside this pathetic new gam
- **Vt3 · 2026-11-06T11:05:28.000Z**: 📌🇺🇸 because it was so lame to say a pause in AI go ahead and scrap it to no AI rather than say pause there is no such thing AI can pause is scrap it to none 👏🏻👏🏻👏🏻show us the real verdict the call is pause to NO AI then. DO IT later
- **Vt3 · 2026-11-06T10:54:57.000Z**: 📌🇺🇸 vs 🇸🇬 Mr Market here is not taken as a fool for a twice dime of USD Trillion losses 💪🤗🤗🤗
- **Vt3 · 2026-11-06T10:51:29.000Z**: 📌🇺🇸👻🔫 drag them down another USD Trillion see who cannot sustain? Only through hard lessons they will remember by hard, after power next is back to reality they needed blood 🩸throw back the blood bath🩸they will have both power and 🩸 on their happy faces for sure this day will come!
- **Vt3 · 2026-11-06T10:45:31.000Z**: ⁉️Do you all know how to trade later if prices keep coming down across all for a 2nd session, seem so ‘priceless’ just immediately new congress take over the power but still hell deep short of monies?
- **The · 2026-11-06T10:38:18.000Z · 👍 1**: AppLovin, CloudFlare, and Airbnb increase out other negative US Stocks.Local OCBC Bank profit rises whereas DBS bank falls though earns more than OCBC bank. Now, Anthony Lim is the chairman of DBS Bank. IHH has almost 400 staffs across their countries. Hong Kong stocks are low now. However, gold and
- **Ally · 2026-11-06T09:26:47.000Z**: It’s been a bad few weeks to be holding AI stocks with all the price plunges. Think we might be slowly entering a bear market if we aren’t in one already.
- **Chun Hui · 2026-11-06T08:11:37.000Z**: 100k all in!
- **TheRaccoonAnalysis · 2026-11-06T07:48:12.000Z · 👍 1**: The sharp decline across major US indices reflects growing concern that political resistance could constrain AI infrastructure expansion. Texas’s proposed pause is significant given the state’s role in attracting data-centre investment. The sell-off suggests investors are reassessing whether project
- **CoinYeye · 2026-11-06T07:19:32.000Z · 👍 1**: The sharp selloff in AI and chip stocks is definitely a wake-up call for investors. I believe volatility can create opportunities, but patience and risk management are key. Rather than rushing to buy the dip, I’ll be watching earnings, support levels and market sentiment closely. Quality stocks may 
- **Bernard  · 2026-11-06T06:31:50.000Z · 👍 1**: It was a much needed correction in the AI market realm. It is a time to recheck market sanity and price in sensibly.
- **MaxSureWin · 2026-11-06T06:02:08.000Z**: cool


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**