A Sharp Pullback in Chip Stocks Meets Fresh Records in Four of Five Recent Earnings Reports
NEW YORK, Nov. 5, 2026 /CNW/ -- Market Updates News Commentary - Semiconductor stocks are taking the brunt of a lower market this morning. As of 10:18 a.m. ET, the PHLX Semiconductor Index (SOX) was down 826.18 points, or 8.05%, at 9,442.47, a steeper decline than the Nasdaq Composite (down 3.74%) or the S&P 500 (down 2.21%). Even after today's move, the index stood about 33% above where it finished 2025, based on daily closing prices, and the quarterly reports published over the past two weeks by the five chip and data storage companies below all show revenue higher than a year earlier. Active Companies from around the markets with current developments this week include: Advanced Micro Devi