OpenAI, Arm and Qualcomm executives react to post-midterm AI sell-off
Executives of major tech companies are largely projecting optimism about continued growth in the artificial intelligence sector despite a post-midterm sell-off.
At a glance
- $ARM today+4.74%last $174.62
- Since it broke+1.22%$ARM from the first trade after publication
- 52-week range74.6% above low$100.02 – $452.70
- Coverage14 this week24 in 30 days · 2.5× its usual pace
- Next upIn 88 days$ARM earnings
- Sector scannerCalmInformation Technology
What it means
- What to watch: In tech, capital spending plans are the scoreboard: who is spending, on what, and whether any of it pays back.
- How the stocks are trading: $ARM +4.74%, $QCOM +5.52% in the latest session.
- Timing: It dropped mid-session, while New York was open, so the move beside it may already include the market's first reaction.
Where the stock stands
$ARM last changed hands at $174.62, +4.74% on the session, 61% below its 52-week high of $452.70 and 75% above its low of $100.02 — in the lower part of the range. Over the year it has ranged 353% from low to high: a very wide band; big swings are routine for this one, not news. $QCOM last changed hands at $165.41, +5.52% on the session, 36% below its 52-week high of $259.92 and 36% above its low of $121.99 — a little below the middle of the range. Over the year it has ranged 113% from low to high: a very wide band — this one has spent the year on a roller coaster, and big swings are business as usual. These are latest-session quotes, not live prices.
How much coverage it is getting
Wook has logged 24 stories on these names in the last 30 days, 14 of them this week. At its 30-day pace you would expect about 6 a week, so this week is running well ahead of normal — something has the newsroom's attention. Across those stories the wording ran 8% bullish, 50% neutral and 42% bearish. This one reads neutral, so it sits squarely with the crowd. 4 came from CNBC and the rest from other outlets — broad coverage, not one desk talking to itself. 12 related stories from the same name or desk are listed beside this one.
The bigger picture
Tech and AI stories mostly come down to spending: what the giants commit to chips, data centers and software, and whether any of it turns into revenue. Guidance and supply constraints tend to move these names far more than a shiny product launch does. Wook's supply-chain scanner has Information Technology reading calm today: no unusual stress in the filings and disclosures it watches.
Coming up
$ARM earnings in 88 days and $QCOM earnings in 88 days. These were on the calendar before this story and are not caused by it.
What to watch next
The $ARM page has the full chart, the filings and the valuation model behind every figure here. Want the facts without the spin? Read how two or three outlets frame the same story — where they agree is the news, where they differ is the angle. Wook AI, above, can pull live figures and run the numbers on request — how far $ARM is from its high, or how this week's coverage compares.
Discussion
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What happened after this published
CNBC published this on November 6, 2026. $ARM has moved +1.22% ($172.51 to $174.62) and $QCOM has moved +0.12% ($165.21 to $165.41). Measured from the first print available after publication, against the latest available quote. This comparison does not isolate the story's effect.