🗓️ Weekly Gainers & Losers — Nov 06, 2026

84/85 tickers with data (this Thu 11/05 close vs last Thu 10/29 close; IFX via IFNNY). QRVO (Mobile / Wireless) still excluded — delisted in early Oct after its Skyworks merger.

• 🟢 TME (Consumer / Media) +12.90% — $9.45 — Standout gainer: low-multiple China consumer-media name bid as investors fled the US AI-infra de-ration; momentum into the Nov 17 Q3 report even as Chinese tech broadly sold off.
• 🟢 SPOT (Consumer / Media) +10.26% — $614.41 — Non-AI consumer/media defensive rebounded from last week's pullback as capital rotated out of expensive AI infrastructure.
• 🟢 AMZN (Big Tech / Platforms) +6.74% — $260.21 — Mega-cap consumer/E-commerce + AWS treated as a relative safe haven vs high-multiple, high-beta pure AI names amid the rout.
• 🟢 NFLX (Consumer / Media) +5.66% — $65.56 — Low-AI-beta consumer platform continued its rebound off the recent two-year low as media/software rotated in.
• 🟢 SAP (Software) +4.04% — $243.53 — Defensive, lower-beta European enterprise software held up; safe-haven bid within an otherwise sinking software group.
• 🟢 MSFT (Big Tech / Platforms) +1.09% — $535.93 — Modest gain as a mega-cap defensive anchor; only the low-AI-beta mega-caps survived.

• 🔴 LITE (Networking / Optical) -44.57% — $509.70 — Now trades as a proxy for sliding Marvell after the Nov 2 all-stock $115B acquisition (fixed 4.5:1 ratio); fell below the deal's implied value amid the broad optics rout.
• 🔴 INTC (CPU) -43.25% — $52.25 — Led the collapse with its worst day since the 1970s (Oct 30, ~-29%) on weak Q3/Q4 guidance tied to an Israel fab shutdown and soft PC demand, plus heavy cash burn.
• 🔴 AAOI (Networking / Optical) -40.79% — $46.89 — Highest-beta AI-optical name crushed in the synchronized optics/connectivity selloff tied to the Marvell–Lumentum deal fallout.
• 🔴 SNDK (Memory) -39.37% — $806.43 — Memory complex de-rated hard on China (CXMT) competition fears and AI-capex-sustainability doubts; gave back a big chunk of a massive YTD run.
• 🔴 MRVL (Networking / Optical) -38.83% — $133.55 — Plunged on the dilutive all-stock Lumentum acquisition (Nov 2); BofA slashed its target 44% as investors balked at price and synergies.
• 🔴 ALAB (AI / Accelerators) -38.21% — $179.47 — High-beta AI interconnect caught in the rout (Thursday ~-11% on a Lam Research supply warning) plus a Nov 3 print and insider-sale notices.
• 🔴 SMTC (Networking / Optical) -35.01% — $91.54 — AI optical/PCB supply-chain name that had run hard unwound with the connectivity complex.
• 🔴 VICR (Analog / Power / Industrial) -34.61% — $135.10 — Gave back essentially all of last week's +14.8% rebound; high-beta AI power-delivery reversed violently.
• 🔴 CIEN (Networking / Optical) -33.95% — $230.81 — AI optics dragged lower by the Marvell–Lumentum deal and the broad optical unwind.
• 🔴 STX (Memory) -33.40% — $466.53 — HDD/storage name swept into the memory selloff alongside SNDK/WDC on China competition and AI-demand fears.

Theme: A broad, violent risk-off in the entire AI-infrastructure complex — optics, memory, equipment/foundry, AI accelerators, interconnect and power names all de-rated sharply (the reported "$3.7 trillion chip rout"), led by Intel's historic one-day collapse and the market's rejection of Marvell's dilutive $115B all-stock Lumentum megadeal. The catalyst stack (weak AI-chip guidance, 5%+ Treasury yields compressing long-duration multiples, China memory-competition fears, AI-capex-sustainability doubts) hit the highest-beta, highest-multiple names hardest — extending a blow-off reversal after weeks of parabolic AI-hardware leadership. Capital rotated almost entirely into low-AI-beta, defensive, consumer-oriented names (TME, SPOT, AMZN, NFLX, SAP, MSFT), which were the only 6 of 84 tickers to advance. The week was a mirror-image unwind of the prior two weeks: "AI-infrastructure demand was overpriced/impaired, sell everything" versus "defensive/consumer earnings and low valuations, rotate in."