Nasdaq sell-off deepens as chip ETF logs worst week in 18 months
Nasdaq fell 4% over the week as investors exited chipmakers and CoreWeave debt worries mounted, while the VIX climbed above 22.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
US benchmark indices fell again on Friday, October 16, as investors kept exiting AI and semiconductor-linked stocks and higher crude prices weighed on sentiment. The Dow Jones lost 175 points but still gained 0.7% for the week. The S&P 500 dropped 1.1% on the day and the Nasdaq Composite slid 2.1%, while the chip-heavy Nasdaq 100 lost 2.5%. For the week, the Nasdaq ended 4% lower, its worst weekly decline since June.
According to cnbctv18.com, the VanEck Semiconductor ETF fell 3% on Friday and 10% over the week, its steepest weekly drop since April 2025. Concerns about competition from China and struggles to repay debt at companies building large data centers added to the selling. CoreWeave shares lost another 11% on Friday, taking its weekly loss to 25%, and its total debt has risen to $51 billion. The Cboe Volatility Index (VIX) moved above 22 for the first time since June. Brent jumped to $110 a barrel after Iran escalated attacks in the Strait of Hormuz.
why it matters
Rising volatility and higher oil prices together add pressure on equities, as investors reassess tech valuations while also worrying about energy costs. Analysts say the debate has shifted from how large AI can become to how much more investment will be needed before the sector turns profitable.
tags
instruments
sources
- Nasdaq sell-off extends; Semiconductor ETF posts worst week in 18 months while Cboe VIX jumps — cnbctv18.com, 17 October 2026 at 01:46 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗