Technical analysis

Chips Crashed, Then AI Struck Back: The Nasdaq Levels to Watch

Chip stocks had their worst week since April 2025 (SOX −11.4%) and the Nasdaq fell about 5% from its early-October peak to 26,140. Then chips snapped their losing streak and after-hours earnings went 2–1 for AI. A close above 26,600 opens 26,713 and 27,000; below 26,140 the bounce fails.