The Stock Market Today, November 5, 2026, Closed Sharply Lower as the AI Chip Selloff Spread
The selling in AI chip stocks spread across the stock market on Thursday, on fears of a slower data center buildout after the elections, CNBC reported. The S&P 500 closed down 4.36%, its worst day since April 2025, CNBC reported at 4:18 p.m. ET. At the official close in StockTitan's real-time data, Nvidia was down 9.26% and AMD 17.26%.
The short answer. Chip and AI stocks fell again on fears that the Democrats' win will slow AI spending on data centers, and the selling spread to the wider market, CNBC reported. The S&P 500 closed down 4.36%, its worst day since April 2025, according to CNBC, and the SPY fund that tracks the index closed down 4.41%, StockTitan's data shows. Seven of the 15 biggest falls on StockTitan's pre-market board at 6:30 a.m. ET were chip industry companies.
The market at the close, Thursday
Every company reporting the same week, with its date and time, is in StockTitan's Earnings Calendar for the Week of November 2, 2026.
On this page
Live updates
The newest update comes first. Each one says what changed in the market's story, with the time it was written.
8:04 p.m. ET
Closing summary: stocks have their worst day since April 2025 as the AI chip selloff spreads
Thursday was the stock market's worst day since April 2025, as the selling in chip and AI stocks spread to the wider market, CNBC reported. The S&P 500 closed down 4.36% and the Nasdaq Composite 5.52%, CNBC reported at 4:18 p.m. ET.
The funds that track the indexes fell too, StockTitan's daily closes show. The QQQ fund for the Nasdaq-100 fell 6.49% and the IWM fund for the small-company Russell 2000 4.59%. The SPY fund for the S&P 500 fell 4.41% and the DIA fund for the Dow 3.53%.
In StockTitan's stored daily closes from March 10, 1999 to November 5, 2026, the QQQ fund closed down 4% or more on 129 days, the first on April 19, 1999 and the latest today. After the 128 earlier ones, it closed higher a trading day later 52.3% of the time (median change +0.17%), five days later 55.5% (+0.75%) and 21 days later 52.3% (+0.40%).
Company results drove the day's biggest single-stock moves. MNTN fell the most of the stocks with company news, and it had cut its 2026 revenue forecast (MNTN release). AppLovin rose the most of them, and the movers table gives each close and the company's news.
After the close, evening results moved single stocks. DraftKings was down 22.24% at 7:59 p.m. ET after hours against its Thursday close, StockTitan's real-time data shows. In a release at 4:15 p.m. ET, it updated its 2026 forecast for adjusted EBITDA, a measure of operating profit, mainly because it is spending more on Predictions, its new offering (DraftKings release). The after-hours table gives the moves of Natera, JFrog and the other evening reports.
7:03 p.m. ET
After-hours trading stays calm for the market, while BJ's Restaurants slides after its report
Trading after hours stayed calm for the market as a whole, while company reports kept moving single stocks. The SPY fund that tracks the S&P 500 was down 0.27% at 7:01 p.m. ET after hours, StockTitan's real-time data shows.
BJ's Restaurants, which runs casual dining restaurants, was down 11.04% at 6:12 p.m. ET after hours, in StockTitan's real-time data. In a release at 4:05 p.m. ET, it said sales at its restaurants open at least a year rose 8.1% in the third quarter. It also raised parts of its 2026 forecast (BJ's Restaurants release).
The after-hours section below gives the newest moves of JFrog, DraftKings, Karat Packaging and the other evening reports.
6:04 p.m. ET
Evening results move single stocks, as JFrog jumps and DraftKings slides after hours
After the market's worst day since April 2025, company results drove the biggest moves in after-hours trading. The SPY fund that tracks the S&P 500 was down just 0.35% at 6:01 p.m. ET after hours, StockTitan's real-time data shows.
JFrog, which sells tools that companies use to store and secure their software, was up 24.42% at 6:00 p.m. ET after hours, in StockTitan's real-time data. In a release at 4:05 p.m. ET, it said its third-quarter revenue rose 31% (JFrog release).
DraftKings was down 24.66% at 6:01 p.m. ET after hours, StockTitan's data shows. In a release at 4:15 p.m. ET, it updated its 2026 forecast for adjusted EBITDA, a measure of operating profit. It said the change mainly reflects more spending on Predictions, its new offering (DraftKings release). The after-hours section below gives the moves of Cloudflare, Natera, Atlassian, Axon and the other evening reports.
5:04 p.m. ET
The Nasdaq ends in a correction, and Airbnb jumps after hours on its results
The final figures confirm the market's worst day since April 2025 for all three major indexes, CNBC reported in its 4:18 p.m. ET update. The S&P 500 closed down 4.36% and the Nasdaq Composite 5.52%. The Nasdaq ended in a correction, more than 10% below its record from last month, CNBC said.
Results after the close moved single stocks. Airbnb was up 10.80% at 5:01 p.m. ET in after-hours trading, StockTitan's real-time data shows. Airbnb said in its shareholder letter, released at 4:03 p.m. ET, that its third-quarter revenue rose 19%, and it raised its outlook for 2026 (Airbnb shareholder letter).
Lyft was down 5.71% at 5:01 p.m. ET after hours, in StockTitan's real-time data. In a release at 4:05 p.m. ET, it said its gross bookings, the total value of the rides and other services it sold, rose 17% to a record (Lyft release). The after-hours section below gives the moves of IonQ, Lam Research, Monster Beverage and the other evening reports.
4:03 p.m. ET
Stocks close sharply lower as the AI chip selloff wipes out the Dow's election rally
Stocks closed sharply lower on Thursday, and the Dow gave back about all of its gain from Wednesday's rally after the election, CNBC reported. In CNBC's 4:00 p.m. ET update, the Nasdaq Composite was down 5.4% and the S&P 500 4.3%. CNBC said all three major indexes were headed for their worst day since April 2025.
Chip stocks took some of the heaviest losses. Nvidia closed down 9.26%, at its official close in StockTitan's real-time data. The Invesco QQQ fund, which tracks the Nasdaq-100 index, closed down 6.49%, StockTitan's data shows. The chip section below gives the closes of the other big chip stocks.
After the close, results came in. IREN rents out AI computing power. In a release at 4:01 p.m. ET, it said its AI cloud revenue nearly tripled from the previous quarter to $200 million in the quarter to September (IREN release). Akamai, which runs a cloud and security network, said its third-quarter revenue rose 6% (Akamai release).
3:02 p.m. ET
The Nasdaq is below a closely watched trend line, even as stocks trim some losses
Stocks won back part of their losses in the afternoon, but the market stayed sharply lower. The S&P 500 was down 3.5% in CNBC's 2:56 p.m. ET update. At its low earlier in the day, it had been down 4.23%, CNBC reported.
The Nasdaq Composite was down 4.5%, and it fell below its 200-day moving average for the first time since April, CNBC reported. That line is the index's average level over about the last 200 trading days, and investors watch it to judge a longer trend.
Six Flags Entertainment, which runs amusement parks, was up 17.72% at 3:01 p.m. ET in StockTitan's real-time data. In a release at 6:00 a.m. ET, it said its third-quarter revenue rose 1.4% at the parks it still runs. Its total revenue fell, because it sold or closed some parks (Six Flags release).
2:03 p.m. ET
Every S&P 500 sector falls as Wall Street's fear gauge jumps to its highest since March
The selling reached every part of the stock market in the early afternoon. All 11 sectors of the S&P 500 were lower in CNBC's 1:57 p.m. ET update, and technology stocks fell the most. The S&P 500 was down 3.9%, close to where it stood an hour earlier, CNBC reported.
Wall Street's fear gauge rose too. The Cboe Volatility Index, or VIX, tracks how much investors expect stock prices to swing. It briefly reached 28.09, its highest level since March 31, CNBC reported. The Russell 2000, an index of smaller companies, also fell into a correction, CNBC said. A correction is a fall of more than 10% from a record high.
Coty, the beauty company, was up 15.58% at 2:01 p.m. ET in StockTitan's real-time data. In a release at 4:30 p.m. ET on Wednesday, Coty said its quarterly profit had come in ahead of its own forecast, while its sales fell 1% (Coty release).
1:04 p.m. ET
The AI chip selloff spreads to the wider market, and the Dow gives back its election gain
The selling spread well beyond tech stocks in the early afternoon. The S&P 500 was down 4% in CNBC's 1:01 p.m. ET update, and CNBC said it was heading for its worst day since April 2025. The Dow had given back about all of its gain from Wednesday's rally after the election, CNBC said.
Big names outside tech fell too. Caterpillar was down 4%, and JPMorgan Chase and Boeing 3% each, CNBC reported. Unlike on Wednesday, the size of the tech selloff is now feeding into the broader market, Keith Lerner, chief investment officer at Truist Wealth, told CNBC.
Nvidia was down 9.02% at 1:01 p.m. ET in StockTitan's real-time data, deeper than at noon. The slide also changed bets on interest rates at the Federal Reserve, the US central bank. Traders now see a 70.1% chance of a rate rise in December, down from 82.7% on Wednesday. CNBC reported the odds from the CME FedWatch tool.
12:04 p.m. ET
Chip stocks trim some losses by midday, but the Nasdaq stays in a correction
The selling in chip stocks eased a little in the hour to noon, but the market stayed sharply lower. The Nasdaq Composite was down 3.9% in CNBC's 11:49 a.m. ET update, a smaller fall than about an hour earlier. It stayed in a correction, CNBC reported. The S&P 500 was down 2.8% and the Dow 1,153 points, according to CNBC.
Nvidia traded at $185.15 at 12:04 p.m. ET, StockTitan's real-time data shows. That is below its $186.50 close on December 31, so the stock has given back all of its gain for 2026. Micron was down 13.67% at that time in StockTitan's real-time data. Micron and AMD are among the chip stocks central to the AI trade, and both fell hard, CNBC reported. StockTitan's article on why AI stocks are down today explains the fears of new limits on data centers.
Company results moved more single stocks, and the movers table below gives each move. Tripadvisor was down 23.75% at 12:04 p.m. ET in StockTitan's real-time data. In a release this morning, it said its chief executive and its finance chief will both leave (Tripadvisor release).
Restaurant chain Portillo's rose. In its results release, it raised its 2026 forecast for adjusted EBITDA, a measure of operating profit (Portillo's release).
11:04 a.m. ET
The AI chip selloff deepens and drags the Nasdaq more than 10% below its record
The selling in chip and AI stocks grew through the morning. By 10:58 a.m. ET, the Nasdaq Composite was more than 10% below its record from last month, CNBC reported. A fall that size is called a correction. The S&P 500 was down 3.2% and the Dow 1,136 points, according to CNBC. Shares of consumer staples, health care and utility companies rose, CNBC said.
The biggest chip stocks led the fall. In StockTitan's real-time data at 11:02 a.m. ET, Micron was down 15.84% and Broadcom 9.31%. Nvidia slipped below $186.50, its close on December 31, StockTitan's data shows. Traders worry about a backlash against data centers after the election results in several states, CNBC reported. "The U.S. mid-term election results will add to headwinds for big tech and the data center buildout," MRB Partners said in a note, according to CNBC.
Other tech stocks fell hard too. Tesla was down 11.00% and Nebius 18.24% at 11:02 a.m. ET, StockTitan's real-time data shows.
10:02 a.m. ET
The Nasdaq falls 3% after the open as chip and AI stocks slide again
Stocks turned lower soon after the open. The Dow rose just after the opening bell, but at 10:00 a.m. ET it was down 391 points, CNBC reported. The Nasdaq Composite was down 3.1% and the S&P 500 1.7%. Chip and data center stocks slid for a second day, and Broadcom and Nvidia fell, according to CNBC.
The selling reached the biggest tech names too. In StockTitan's real-time data at 10:01 a.m. ET, Meta was down 3.95% and Tesla was down 9.98%. CoreWeave and Nebius, which rent out AI computing power, were down 8.99% and 13.41%.
Results kept moving single stocks. AppLovin was up 31.50% at 10:01 a.m. ET in StockTitan's real-time data, after its results and forecast beat estimates, CNBC reported.
Doughnut maker Krispy Kreme was up 23.86% at 10:01 a.m. ET, StockTitan's real-time data shows. It raised its 2026 revenue forecast to $1.35 billion to $1.40 billion (Krispy Kreme release).
Bloom Energy was down 15.29% at 10:01 a.m. ET in StockTitan's real-time data. StockTitan's Bloom Energy article explains its new power deal with NTT DATA.
9:04 a.m. ET
Jobless claims fall as Dow futures add to their gains and chip stocks stay lower
Fewer Americans applied for jobless benefits last week, and Dow futures added to their gains, CNBC reported. New claims fell to 189,000 from 195,000 the week before (Labor Department release). Worker productivity grew 3.6% in the third quarter (Bureau of Labor Statistics release). That was faster than economists polled by Dow Jones expected, CNBC reported.
In a release at 9:00 a.m. ET, NTT DATA said it will use Bloom Energy's fuel cells to power its data centers. The deal covers 900 megawatts, with the first shipments in 2027 (NTT DATA release). Bloom Energy was down 5.62% at 9:02 a.m. ET, StockTitan's real-time data shows.
New results moved more single stocks. Sezzle, which lets shoppers pay in installments, was up 29.92% at 8:59 a.m. ET in StockTitan's real-time data. It raised its forecast for the year for the fourth time (Sezzle release). Clothing maker Gildan Activewear was down 22.53% at 9:00 a.m. ET, StockTitan's real-time data shows. Gildan said its results did not meet its own expectations as demand stayed weak (Gildan release).
8:04 a.m. ET
The Bank of England raises rates as chip stocks slide further before the open
The Bank of England raised its main interest rate to 4% from 3.75%, the rise CNBC said markets expected. Eight of its nine policymakers voted for it, and one wanted a bigger rise (Bank of England decision). In the US, Dow futures were up 302 points and Nasdaq-100 futures down 0.6% at 7:46 a.m. ET, CNBC reported. Qualcomm and Arm fell further as the chip selling went on.
More results moved single stocks. Unity Software was up 19.90% at 8:02 a.m. ET after its results, StockTitan's real-time data shows. Its revenue rose 32% in the quarter, the company said (Unity release).
Two companies with weaker forecasts fell hard. In StockTitan's real-time data, Veracyte, which makes cancer tests, was down 31.45% at 8:00 a.m. ET, and chipmaker Himax Technologies was down 24.43% at 8:02 a.m. ET. Wendy's turned higher, up 0.78% at 8:01 a.m. ET in StockTitan's real-time data. StockTitan's Wendy's article explains its results and the offer it rejected.
6:48 a.m. ET
Chip stocks fall for a second day as Qualcomm slides after its results
The selling in AI stocks has gone on into a second day. Nasdaq futures dropped as chip and data center stocks stayed under pressure after the Democrats' win, Reuters reported. Before the open, Qualcomm fell more than Nvidia, Marvell or Intel, according to the figures Reuters reported. Dow futures were up 262 points and S&P 500 futures down 0.1% at 5:43 a.m. ET, CNBC reported. US crude oil was steady after Wednesday's 8% drop, according to CNBC.
Results from Wednesday evening and this morning move single stocks the most. AppLovin jumped, and MNTN plunged after it cut its forecast for the year (MNTN release).
Why are chip stocks down today
Chip and data center stocks fell for a second day after the Democrats won Congress, including in states where voters pushed back on data centers, Reuters reported. The Nasdaq Composite closed down 5.52%, more than 10% below its record from last month, CNBC reported.
Thursday is the second day of the selling. On Wednesday, data center stocks fell as the election results came in, as StockTitan's data center stocks article explained. On Thursday, chip stocks extended those losses, Reuters reported. StockTitan's article on why AI stocks are down today explains what investors fear. Public opposition to the industry's fast growth has been rising in some key data center states, where Democrats won, according to Reuters. UBS strategists said about 30% of the data center additions expected in 2028 are now at risk of being affected, Reuters reported.
The fall reached across the chip industry. Nvidia, Marvell Technology and Intel all fell, Reuters reported. A fund that tracks chip stocks, the iShares Semiconductor ETF, fell more than 12%, its worst day since March 2020, CNBC reported. Seven of the 15 biggest pre-market losers on StockTitan's board at 6:30 a.m. ET were in the chip industry, from SK hynix, which makes memory chips, to Arm, which licenses chip designs.
Data center companies fell too. CoreWeave and Nebius kept falling after the open. CNBC tied their drop to worries about a backlash against the industry after the votes in several states. Server makers Dell and HPE fell too, Reuters reported.
| Stock or fund | Official close | Move |
|---|---|---|
| Micron Technology (MU) | $656.39 | -17.46% |
| AMD (AMD) | $404.40 | -17.26% |
| Marvell Technology (MRVL) | $133.55 | -16.43% |
| Arm Holdings (ARM) | $166.72 | -13.08% |
| Broadcom (AVGO) | $291.53 | -10.43% |
| Intel (INTC) | $52.25 | -10.33% |
| Qualcomm (QCOM) | $156.75 | -9.49% |
| Nvidia (NVDA) | $181.60 | -9.26% |
| Invesco QQQ Trust (QQQ), a fund that tracks the Nasdaq-100 | $647.05 | -6.49% |
Source: StockTitan real-time Nasdaq data, the official close of November 5, 2026 at 4:00 p.m. ET against each stock's November 4 close.
On average, the eight chip stocks in the table closed down 12.97%, about three times the S&P 500's fall.
Before the open, the biggest tech companies moved the other way. Amazon, Meta and Alphabet rose, because a slower AI build-out was seen as helping them, Reuters reported. After the open, all three turned lower in StockTitan's real-time data, and Amazon closed down 2.19%, at its official close. Tesla and SpaceX fell for a second day, Reuters reported.
The selling continued overnight in Asia. South Korea's Kospi index closed down 5.28%, and SK hynix, a big memory chip maker, fell 9.03% in Seoul, CNBC reported. Investors there feared a Democratic Congress could bring tighter limits on data centers, according to CNBC. Chinese tech stocks went the other way, with Alibaba and Tencent rising in Hong Kong, CNBC said.
The AI companies are answering the vote. OpenAI repeated its promise to pay the full cost of the power its data centers use, CNBC reported. The pledge came two days after voters at the polls rejected the rapid spread of AI, CNBC said.
Why is Qualcomm stock down today
Qualcomm's sales of phone chips came in below what Wall Street expected, because of weak demand and less business from Apple, Reuters reported. The company says its businesses outside phones will keep growing.
Qualcomm reported its results for the quarter to late September after Wednesday's close. Its phone chip sales fell 26%, as StockTitan's Qualcomm article explains. That missed Wall Street's estimates, on sluggish demand and falling revenue tied to Apple, Reuters reported. Its overall earnings beat estimates, CNBC noted, yet the stock closed down 9.49%, at its official close in StockTitan's real-time data.
The company says it is growing outside phones. It expects sales from those businesses to grow more than 60% in fiscal 2027, its new year (Qualcomm release). In StockTitan's real-time data, Arm, which also reported on Wednesday evening, closed down 13.08%, at its official close. Its revenue rose 27% to $1.44 billion in the quarter (StockTitan's Arm article).
Biggest stock movers today and why
Outside the chip slide, the biggest moves come with company results. AppLovin, Krispy Kreme and Portillo's jumped, while Veracyte, MNTN and PureCycle fell.
Veracyte, which makes cancer tests, closed down 54.30%, at its official close in StockTitan's real-time data. It lowered its 2026 testing revenue forecast (Veracyte release).
MNTN, which sells TV advertising tools, closed down 54.68% at the regular-session close, StockTitan's data shows. MNTN cut its revenue forecast for the year, citing "unforeseen execution problems" in its sales team, and it named a new chief executive (MNTN release).
TrueBlue, which finds workers for businesses, closed up 25.61% at the regular-session close, in StockTitan's data. Its chief executive said the quarter beat the company's own expectations for revenue and profit (TrueBlue release). AppLovin, which sells tools that help apps find users through ads, jumped after it beat profit estimates for the quarter, Reuters reported.
Snap, which owns Snapchat, fell after its revenue missed estimates, Reuters reported. After their results, Dutch Bros closed down 21.39% and Fastly 26.88%, in StockTitan's real-time data (Dutch Bros release, Fastly release).
Unity Software, which makes tools for building video games, rose after its results. It had its first profitable quarter under standard accounting since its listing (Unity release). Warby Parker, the glasses seller, rose too. It said it will start taking pre-orders for its first Intelligent Eyewear glasses on November 12 (Warby Parker release). Himax Technologies fell after giving a weaker forecast, and the table gives the news of the other movers.
Wendy's traded lower early in the morning, StockTitan's real-time data shows, then turned higher. In a release at 7:01 a.m. ET, Wendy's said its independent directors had rejected a $7.35 a share buyout offer from a group led by Trian Partners, saying it "substantially undervalues" the company. Its board had also adopted a shareholder rights plan on Wednesday, a step that makes an unwanted takeover harder (Wendy's release). Its US same-restaurant sales fell 5.7% in the third quarter (Wendy's results release).
Amazon had news of its own this morning. US Prime members can now order Uber Eats restaurant food right on Amazon, with no delivery fee on orders of $25 or more, the company said (Amazon release). StockTitan's article on the deal explains what changes for Prime members.
| Company | Move | The news |
|---|---|---|
| AppLovin (APP) | +31.04%, regular-session close, 4:00 p.m. ET | Beat third-quarter profit estimates, Reuters reported; revenue came in $100 million above the top of its own forecast (StockTitan article). |
| Krispy Kreme (DNUT) | +30.68%, regular-session close, 4:00 p.m. ET | Raised its 2026 revenue forecast to $1.35 billion to $1.40 billion, from $1.25 billion to $1.35 billion (release). |
| Portillo's (PTLO) | +28.81%, regular-session close, 4:00 p.m. ET | Third-quarter revenue rose 7.0% to $194.1 million, and it raised its 2026 forecast for adjusted EBITDA, a measure of operating profit (release). |
| ADMA Biologics (ADMA) | +26.05%, regular-session close, 4:00 p.m. ET | Sales of its drug ASCENIV rose 31% to $124.7 million, total revenue rose 5%, and it raised its minimum outlook for adjusted earnings (release). |
| TrueBlue (TBI) | +25.61%, regular-session close, 4:00 p.m. ET | Third-quarter revenue rose 21% to $521 million, beating the company's own expectations for revenue and profit (release). |
| Xeris Biopharma (XERS) | +25.05%, regular-session close, 4:00 p.m. ET | Third-quarter revenue rose 44% to $107 million, and it raised its 2026 revenue forecast to $395 million to $405 million (release). |
| Warby Parker (WRBY) | +22.50%, regular-session close, 4:00 p.m. ET | Third-quarter revenue rose 10.4% to $244.7 million, and it starts taking pre-orders for its first Intelligent Eyewear glasses on November 12 (release). |
| Magnite (MGNI) | +20.75%, regular-session close, 4:00 p.m. ET | Third-quarter revenue rose 14% to $204.2 million, and the ad technology company raised its growth forecast for 2026 (release). |
| EPAM Systems (EPAM) | +20.63%, regular-session close, 4:00 p.m. ET | Added $1.5 billion to its buyback plan and plans a $500 million accelerated buyback next week (release). |
| Six Flags Entertainment (FUN) | +16.52%, regular-session close, 4:00 p.m. ET | Third-quarter revenue rose 1.4% to $1.17 billion at the parks it still runs, while its total revenue fell because it sold or closed some parks, and it began a review of ride safety at all its parks (release). |
| MNTN (MNTN) | -54.68%, regular-session close, 4:00 p.m. ET | Cut its 2026 revenue forecast to $311 million to $314 million, citing problems in its sales team, and named a new chief executive (release). |
| Veracyte (VCYT) | -54.30%, regular-session close, 4:00 p.m. ET | Lowered its 2026 testing revenue forecast, and the number of its Decipher prostate cancer tests came in below its own expectations (release). |
| PureCycle Technologies (PCT) | -32.62%, regular-session close, 4:00 p.m. ET | Third-quarter revenue was $2.3 million, which it tied to operating problems and to a New Jersey rule delay that pushed about 15 food packaging programs into 2027 (release). |
| Tripadvisor (TRIP) | -27.65%, regular-session close, 4:00 p.m. ET | Said its chief executive will stay until February 16, 2027, then leave, and its finance chief will leave at the end of 2026 (release). |
| Gibraltar Industries (ROCK) | -27.28%, regular-session close, 4:00 p.m. ET | Lowered its 2026 forecast, citing weaker third-quarter results than it expected and a lower fourth-quarter outlook, and said its finance chief will leave on November 20 (results release, CFO release). |
| Tronox (TROX) | -26.48%, regular-session close, 4:00 p.m. ET | Lost $55 million in the third quarter. It now expects to spend $25 million to $50 million more cash than it brings in during 2026, which it tied to the long conflict in the Middle East (release). |
| Himax Technologies (HIMX) | -26.44%, regular-session close, 4:00 p.m. ET | Expects fourth-quarter revenue to fall 22% to 26% from the third quarter, after a sudden drop in orders for its car display chips (release). |
| Construction Partners (ROAD) | -21.88%, regular-session close, 4:00 p.m. ET | The road builder said wet weather in July and fast-rising diesel fuel costs hurt its profit at the end of its fiscal year (release). |
| Hertz (HTZ) | -20.80%, regular-session close, 4:00 p.m. ET | Third-quarter revenue rose about 6% to $2.6 billion, its best in three years, while net income fell to $116 million from $184 million (release). |
| CoreWeave (CRWV) | -9.83%, regular-session close, 4:00 p.m. ET | AI cloud stocks fell on worries about a backlash against the industry after votes in several states, CNBC reported. |
Source: StockTitan real-time Nasdaq data, November 5, 2026, the regular-session close (the Nasdaq official close, or the consolidated daily close where no official close is stored), against each stock's November 4 close; company releases linked in each row; Reuters and CNBC as named.
Stocks moving after hours on evening results
Companies kept reporting after the 4:00 p.m. ET close. JFrog, indie Semiconductor and Cloudflare rose the most of them in after-hours trading, while DraftKings, Natera and Atlassian fell the most. Each move is against the stock's Thursday close.
| Company | Move | The news |
|---|---|---|
| JFrog (FROG) | +21.95%, after hours, 7:59 p.m. ET | In a release at 4:05 p.m. ET, it said third-quarter revenue rose 31% to $179.2 million, and its cloud revenue rose 60% (release). |
| indie Semiconductor (INDI) | +18.08%, after hours, 7:55 p.m. ET | In a release at 4:05 p.m. ET, the maker of chips for cars said third-quarter revenue rose 31% to $70.2 million, and it expects fourth-quarter revenue of $73 million to $81 million (release). |
| Cloudflare (NET) | +14.57%, after hours, 7:59 p.m. ET | In a release at 4:15 p.m. ET, it said third-quarter revenue rose 39% to $782.5 million, which its chief executive called its fastest growth in nearly four years (release). |
| Airbnb (ABNB) | +11.02%, after hours, 7:59 p.m. ET | In a release at 4:03 p.m. ET, it pointed to its shareholder letter, which says third-quarter revenue rose 19% to $4.9 billion, raises its 2026 outlook and adds a $12 billion buyback (release, shareholder letter). |
| IREN (IREN) | +10.54%, after hours, 7:59 p.m. ET | In a release at 4:01 p.m. ET, it said its AI cloud revenue nearly tripled from the previous quarter to $200 million in the quarter to September (release, StockTitan article). |
| Lam Research (LRCX) | +6.26%, after hours, 7:58 p.m. ET | In a release at 4:05 p.m. ET, it said its board approved a $25 billion share buyback and a quarterly dividend (release, StockTitan article). |
| IonQ (IONQ) | +4.92%, after hours, 7:58 p.m. ET | In a release at 4:05 p.m. ET, it said third-quarter revenue rose 336% to $173.8 million, and it raised its 2026 revenue forecast to $505 million to $515 million (release). |
| Akamai Technologies (AKAM) | +1.93%, after hours, 7:48 p.m. ET | In a release at 4:01 p.m. ET, it said its third-quarter revenue rose 6% (release). |
| Wynn Resorts (WYNN) | -2.50%, after hours, 7:53 p.m. ET | In a release at 4:01 p.m. ET, it said third-quarter operating revenue fell to $1.69 billion from $1.83 billion a year earlier (release). |
| Monster Beverage (MNST) | -6.44%, after hours, 7:06 p.m. ET | In a release at 4:10 p.m. ET, it said third-quarter net sales rose 16.7% to $2.56 billion (release). |
| Axon Enterprise (AXON) | -6.68%, after hours, 7:58 p.m. ET | In a release at 4:01 p.m. ET, it said third-quarter revenue rose 28% to $909 million, and it lowered its 2026 revenue growth forecast to about 30%, from 32% to 34%, leaving out about $130 million of federal drone deployments it no longer expects this year (release). A second release at 4:01 p.m. ET announced a $1.2 billion investment in the drone maker Skydio (release). |
| Lyft (LYFT) | -7.07%, after hours, 7:57 p.m. ET | In a release at 4:05 p.m. ET, it said gross bookings rose 17% to a record $5.6 billion, and its results include a $117.9 million impact from legal, tax and regulatory reserve changes and settlements (release). |
| BJ's Restaurants (BJRI) | -11.04%, after hours, 6:12 p.m. ET | In a release at 4:05 p.m. ET, it said third-quarter revenue rose 8.6% to $358.6 million, sales at its restaurants open at least a year rose 8.1%, and it raised parts of its 2026 forecast (release). |
| Karat Packaging (KRT) | -11.55%, after hours, 6:20 p.m. ET | In a release at 4:10 p.m. ET, the maker and seller of disposable products for restaurants and food service said third-quarter net sales rose 8.2% to $134.7 million. Its chief executive said higher shipping costs and plastic resin prices weighed on its margins and helped push results below its expectations (release). |
| Atlassian (TEAM) | -15.98%, after hours, 7:56 p.m. ET | In a release at 4:05 p.m. ET, it said revenue rose 24% to $1.77 billion in the first quarter of its 2027 fiscal year, and it expects revenue growth of about 13.75% for the full fiscal year (release). |
| Natera (NTRA) | -16.15%, after hours, 7:53 p.m. ET | In a release at 4:05 p.m. ET, it said third-quarter revenue rose 34.1% to $794.0 million, and it raised its 2026 revenue forecast (results release). In a release at 4:06 p.m. ET, it named Solomon Moshkevich chief executive, in place of Steve Chapman (leadership release). |
| DraftKings (DKNG) | -22.24%, after hours, 7:59 p.m. ET | In a release at 4:15 p.m. ET, it said third-quarter revenue rose 16% to $1.33 billion, and it updated its 2026 forecast for adjusted EBITDA, a measure of operating profit, to $175 million to $275 million, mainly because it is spending more on its new Predictions offering (release). |
Source: StockTitan real-time data, November 5, 2026, the last after-hours trade at the time shown against each stock's November 5 close; company releases and filings linked in each row.
What to watch tomorrow
Friday brings the October jobs report before the open. Humana, Charter Communications and Moderna report their results that morning.
- Friday, November 6, 6:00 a.m. ET: Humana, the health insurer, releases its third-quarter results (Humana announcement).
- Friday, 7:00 a.m. ET: Charter Communications, the cable and broadband company, issues its third-quarter results release (Charter announcement).
- Friday, 8:00 a.m. ET: Moderna, the vaccine maker, reports its third-quarter results on a conference call (Moderna announcement).
- Friday, November 6, 8:30 a.m. ET: the jobs report for October from the Bureau of Labor Statistics, as its release schedule lists. StockTitan's jobs report preview explains what it measures.
Wednesday, December 9, brings the Federal Reserve's next decision on interest rates, at the end of its December 8 and 9 meeting, as its meeting calendar lists. The December rate odds in the 1:04 p.m. ET update are bets on this decision.
Our numbers
These figures are our calculations from the sources linked in this article. StockTitan's pre-market board at 6:30 a.m. ET lists moves of about 4% or more in stocks that traded at least 30,000 shares.
- 7 of 15: the chip industry companies among the 15 biggest falls on that board, namely Qualcomm, ASE Technology, UMC, SK hynix, Arm, AXT and Aehr Test Systems; two of them, Qualcomm and Arm, reported results on Wednesday evening.
- 12.97%: the average fall of the eight chip stocks in the chip table at their official closes, each counted the same whatever its size; the chip industry as a whole may have fallen by a different amount.
- 129 days: the QQQ fund's daily closes down 4% or more from the close before, counted in StockTitan's stored closes from March 10, 1999 to November 5, 2026; the shares higher 1, 5 and 21 trading days later count only the 128 earlier days, and all of them use the fund's own closes.
Frequently asked questions
What is moving the stock market today?
A selloff in chip and AI stocks that spread to the wider market. Investors sold them for a second day after the Democrats' midterm win, on fears of a slower data center buildout, CNBC reported. On November 5, the Nasdaq Composite closed down 5.52%, the S&P 500 4.36% and the Dow 1,833 points, CNBC reported, and all three had their worst day since April 2025.
Why did chip stocks fall again on November 5?
Chip and data center stocks fell for a second day after the Democrats won Congress, including in some key data center states where public opposition to the industry has grown, Reuters reported. At the official close in StockTitan's real-time data, Nvidia was down 9.26% and Broadcom 10.43%. Seven of the 15 biggest pre-market falls on StockTitan's board at 6:30 a.m. ET were chip industry companies.
Why is Qualcomm stock falling after earnings?
Qualcomm closed down 9.49% on November 5, at its official close in StockTitan's real-time data. Its phone chip sales missed Wall Street's estimates on sluggish demand and lower revenue tied to Apple, Reuters reported.
Why is MNTN stock down today?
MNTN closed down 54.68% on November 5, at the regular-session close in StockTitan's data. It cut its 2026 revenue forecast to $311 million to $314 million, citing problems in its sales team, and named a new chief executive.
Why is AppLovin (APP) stock up today?
AppLovin closed up 31.04% on November 5, at its official close in StockTitan's real-time data. It beat third-quarter profit estimates, Reuters reported, and its revenue came in $100 million above the top of its own forecast.
Why is ADMA Biologics (ADMA) stock up today?
ADMA closed up 26.05% on November 5, at its official close in StockTitan's real-time data. Sales of its drug ASCENIV rose 31% to $124.7 million in the third quarter, and it raised its minimum outlook for adjusted earnings.
Why is TrueBlue (TBI) stock up today?
TrueBlue closed up 25.61% on November 5, at the regular-session close in StockTitan's data. Its third-quarter revenue rose 21% to $521 million, and its chief executive said results beat the company's own expectations for revenue and profit.
Why is Six Flags (FUN) stock up today?
Six Flags Entertainment closed up 16.52% on November 5, at the regular-session close in StockTitan's data. In a release that morning, the amusement park company said its third-quarter revenue rose 1.4% to $1.17 billion at the parks it still runs. Its total revenue fell, because it sold or closed some parks.
Sources
- StockTitan: live market coverage, November 4, 2026
- StockTitan: why AI data center stocks fell on November 4
- StockTitan: why AI stocks are down today, November 5
- StockTitan: Qualcomm fourth quarter fiscal 2026 results article
- StockTitan: AppLovin third quarter 2026 results article
- StockTitan: Arm second quarter fiscal 2027 results article
- StockTitan: Amazon and Uber Eats Prime delivery article
- StockTitan: Wendy's third quarter 2026 results and Trian offer article
- StockTitan: Bloom Energy and NTT DATA 900 MW power deal article
- StockTitan: Earnings Calendar for the Week of November 2, 2026
- StockTitan: October 2026 jobs report preview
- StockTitan economic calendar
- Qualcomm fourth quarter and fiscal 2026 results release
- TrueBlue third quarter 2026 results release
- ADMA Biologics third quarter 2026 results release
- EPAM Systems third quarter 2026 results release
- Krispy Kreme third quarter 2026 results release
- Portillo's third quarter 2026 results release
- Magnite third quarter 2026 results release
- PureCycle Technologies third quarter 2026 results release
- Hertz third quarter 2026 results release
- Construction Partners preliminary fiscal 2026 results and fiscal 2027 outlook release
- Tripadvisor management departures release
- Gibraltar Industries third quarter 2026 results release
- Gibraltar Industries CFO transition release
- MNTN third quarter 2026 results release
- Amazon and Uber Eats partnership release
- Wendy's release rejecting the Trian Partners-led proposal
- Wendy's third quarter 2026 results release
- Dutch Bros third quarter 2026 results release
- Fastly third quarter 2026 results release
- Unity third quarter 2026 results release
- Veracyte third quarter 2026 results release
- Himax Technologies third quarter 2026 results release
- Sezzle third quarter 2026 results release
- Warby Parker third quarter 2026 results release
- Xeris Biopharma third quarter 2026 results release
- Gildan Activewear third quarter 2026 results release
- Coty first quarter fiscal 2027 results release
- Tronox third quarter 2026 results release
- Six Flags Entertainment third quarter 2026 results release
- NTT DATA and Bloom Energy 900 MW power agreement release
- IREN first quarter fiscal 2027 results release
- Akamai third quarter 2026 results release
- Airbnb third quarter 2026 results release
- Airbnb third quarter 2026 shareholder letter, SEC filing
- IonQ third quarter 2026 results release
- Lyft third quarter 2026 results release
- Lam Research $25 billion share repurchase and dividend release
- StockTitan: Lam Research $25 billion buyback article
- Wynn Resorts third quarter 2026 results release
- Monster Beverage third quarter 2026 results release
- StockTitan: IREN results and AI customer prepayments article
- JFrog third quarter 2026 results release
- Cloudflare third quarter 2026 results release
- DraftKings third quarter 2026 results release
- Natera third quarter 2026 results release
- Natera leadership transition release
- Atlassian first quarter fiscal 2027 results release
- Axon third quarter 2026 results release
- Axon $1.2 billion Skydio investment release
- BJ's Restaurants fiscal third quarter 2026 results release
- Karat Packaging third quarter 2026 results release
- indie Semiconductor third quarter 2026 results release
- Humana third quarter 2026 results date announcement
- Charter Communications third quarter 2026 results webcast announcement
- Moderna third quarter 2026 results date announcement
- Bureau of Labor Statistics: Productivity and Costs, third quarter 2026, preliminary
- US Department of Labor: Unemployment Insurance Weekly Claims, November 5, 2026
- Bank of England: November 2026 Monetary Policy Summary and minutes
- Bureau of Labor Statistics: Employment Situation release schedule
- Federal Reserve: meeting calendars and information
The information provided in this article is for educational and informational purposes only. It does not constitute financial advice, investment recommendation, or an endorsement of any particular investment strategy. Past performance does not guarantee future results. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions.