Nov 5, 2026 · 6 min
AI stocks sell off as AppLovin defies the market
AI-Related Stocks Plunge, AppLovin Gains
The episode captures a sharp split in technology stocks, with semiconductor and data-center names falling while AppLovin rallies on strong results and guidance.
- 1SanDisk led a broad decline across semiconductor, storage, and AI-related stocks despite its strong gains earlier in the year.
- 2CoreWeave and Nebius fell sharply as investors weighed positioning around the possibility of a Democratic political wave.
- 3AppLovin surged about 30% after beating expectations and issuing an outlook above analyst consensus.
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AppLovin’s roughly 30% surge sharply contrasted with the day’s broad selloff in semiconductor, AI, and data-center stocks.
The brief
Stock Movers hosts Tim Stenovec and Carol Massar, joined by Bloomberg News equity reporter Jessica Menton, survey the day’s biggest market moves.
SanDisk led a broad selloff spanning semiconductor, storage, and AI-related names, with Bloom Energy, Lumentum, AMD, Micron, Western Digital, and Seagate also among the weakest performers.
CoreWeave and Nebius extended the pressure into neocloud stocks, with Romaine Bostick attributing the declines to positioning around the possibility of a Democratic political wave.
AppLovin provided the sharp counterpoint, rising about 30% after beating expectations, offering an outlook above analyst consensus, and retaining broadly positive analyst coverage.
The episode’s central contrast is clear: investors punished much of the AI and data-center trade while rewarding AppLovin’s results and forward guidance.
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