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Jim Cramer states that the technology sell-off is stemming from rising oil futures, which investors are leveraging to sell semiconductors.
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Capitulation Criteria Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s
Seven sectors are higher and four are lower in Friday’s regular session, with growth sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Marvell Technology (MRVL) rebounds after a sharp tech rout as investors return to oversold AI chip stocks. Read technicals and analysis.
Chip stocks rebound in Friday’s premarket, led by SanDisk, Micron and AMD, recovering only part of Thursday’s losses amid AI sector fears.
The Nasdaq Composite entered correction territory on November 5, 2026, falling 11.6% from its October peak amid concerns about AI spending sustainability. Historically, the Nasdaq has recovered strongly after corrections, averaging 21% returns over the following 12 months. The article suggests this presents a buying opportunity, particularly through the Invesco QQQ Trust, which tracks the Nasdaq-100 and has significantly outperformed the S&P 500 since 1999.