Oversold AI and chip stocks after the Nasdaq’s worst day since 2020

Investing.com · 2026-11-06 14:17 UTC

Oversold AI and chip stocks after the Nasdaq’s worst day since 2020

Investing.com -- Thursday’s selloff hit technology stocks hard. The Nasdaq 100 fell 6.4%, its worst day since 2020. The S&P 500 lost 4.4%, and the Philadelphia Semiconductor Index dropped more than 12%. The trigger was Democratic midterm wins in key data-center states, which stoked fears of tougher AI regulation and a slower data-center buildout. Jefferies called it "reactionary, not a fundamental reset" (Nov 6, 2026).

Deeply Oversold Names

A screen of US large caps (market cap above $10B) in Technology with a 14-day RSI below 30 was applied. RSI is a momentum gauge, and below 30 conventionally means oversold. The screen returned 44 matches. These are the 15 most oversold:

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