Goldman Sachs Analyst Calls Chip Stocks 'Oversold,' Highlights Nvidia, Broadcom and AMD

Image source: AI-generated image with OpenAI

Goldman Sachs is reviewing semiconductor stocks for potential opportunities following recent market declines.

"We believe stocks are now clearly in oversold territory," Goldman Sachs analyst James Schneider said about semiconductor stocks.

Schneider highlighted Nvidia (NVDA), Broadcom (AVGO), and AMD (AMD) among his preferred semiconductor stocks.

"Even in a 'no growth' scenario for 2028 (which we see as relatively unlikely), NVDA/AVGO are trading 12X/13X this baseline — which we believe valuations are compelling at current levels," Schneider wrote in a note. "We find AMD to be very attractive given the growth we believe it can achieve, albeit at a less compelling valuation."

Technology stocks have experienced significant declines in November.

The S&P 500 (^GSPC) lost 4.3% of its market value on Nov. 5 as investors assessed what a blue wave on Election Day would mean for the build-out of AI data centers. The move wiped out $3 trillion in market value.

The Dow Jones Industrial Average (^DJI) fell 1,800 points in its worst single-day decline since 2020. The tech-heavy Nasdaq (^IXIC) declined 5.5%, weighed down by semiconductor and cloud companies such as Micron (MU) and Sandisk (SNDK). Yahoo Finance reports.

🛰️ SpaceX Scores Key FCC Breakthrough in $8 Billion Spectrum Deal: Starlink Moves Closer to Nationwide 5G Push

The Federal Communications Commission (FCC) released an official public notice on Tuesday confirming that it had accepted Space Exploration Technologies Corp.'s (NASDAQ: SPCX) application seeking approval for the transfer of 800 MHz spectrum licenses from Grain Management LLC to Starlink.

The transaction involves 546 paired 800 MHz spectrum licenses covering frequencies across 817–824 MHz and 862–869 MHz.

The holdings range up to 14 MHz of bandwidth across 3,224 counties, representing approximately 100% of the U.S. population throughout all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, according to the filing.

The original transfer applications were submitted to the Commission on October 9, 2026. The FCC opened a formal pleading cycle, setting deadlines for petitions to deny on December 1, 2026, oppositions on December 8, 2026, and replies to oppositions on December 15, 2026. Benzinga reports.

🔌 Credo Technology Stock Is Surging Wednesday: What's Going On?

Credo Technology Group Holding Ltd. (NASDAQ: CRDO) stock jumped nearly 9% in Wednesday's premarket trading as semiconductor and artificial intelligence infrastructure stocks rebounded.

Nasdaq futures rose 1.60%, while S&P 500 futures gained 0.70%, signaling improved investor sentiment.

Credo shares have fallen more than 35% over the past month amid concerns about data center spending and broader market uncertainty.

The rebound suggests investors may be buying the dip following the sharp sell-off. Benzinga reports.

💾 Micron (MU) Stock Is Trending Pre-Market: Here's What You Should Know

Micron Technology Inc. (NASDAQ: MU) shares are trending on Wednesday.

Shares of the Idaho-based semiconductor company edged 1.5% higher to $736 in premarket trading.

The move followed Anthropic's updated IPO prospectus on Tuesday. It showed that Micron is among seven tech companies that have agreed to buy a combined $26 billion of its stock. The purchases will occur through a private placement immediately after the IPO. Benzinga reports.

🥤 Suja Life (SUJA) Shares Fall 18% After-Hours: Here's Why

Suja Life Inc. (NASDAQ: SUJA) shares fell 18.46% to $8.13 in after-hours trading on Tuesday after the company reported third-quarter revenue above analyst estimates but a wider-than-expected adjusted loss per share and updated its fiscal 2026 outlook.

The beverage maker, whose brands include Suja Organic, Vive Organic, and Slice Soda, said in a press release that net sales rose 3.3% year over year to $76.4 million in the quarter ended Sept. 28. It said net sales also benefited from the timing of about $2.0 million in shipments that had been expected in the fourth quarter.

Net sales of $76.37 million beat the analyst estimate of $71.33 million. The adjusted loss per share (non-GAAP) was $0.14, wider than the estimated loss of $0.11. Benzinga reports.

🤖 OpenAI CFO: Q3 Was a 'Blockbuster Quarter,' Revenue Jumped 50%

OpenAI's (OPAI.PVT) Q3 revenue rose nearly 50% quarter over quarter to $10 billion, with an annual run rate of roughly $50 billion, CFO Sarah Friar told Deirdre Bosa on Tuesday.

That's better than the 18% growth the company saw in Q2, according to The Wall Street Journal.

According to Friar, the growth was driven by OpenAI's frontier research and enterprise business.

"Our enterprise business doubled quarter over quarter," she explained, adding that OpenAI's revenue is now split 50/50 between its enterprise and consumer businesses. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) OMH: Ohmyhome Limited
Total gain: +72.43%

2) FOSL: Fossil Group, Inc.
Total gain: +24.52%

3) RSKD: Riskified Ltd.
Total gain: +22.76%

4) CHSN: Chanson International Holding
Total gain: +21.28%

5) SATL: Satellogic Inc.
Total gain: +20.51%

The closing price of the top three market percent gainers trading near or above $2 on Nov 10.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) SMX: SMX (Security Matters) Public Limited Company
Total gain: +105.88%

The stock appeared to be moving on no notable news.

2) PEPG: PepGen Inc.
Total gain: +92.89%

The company announced the launch of a public offering of $125.0 million of shares of its common stock and, in lieu of common stock to certain investors, pre-funded warrants to purchase shares of its common stock. In addition, PepGen intends to grant the underwriters a 30-day option to purchase up to an additional $18.75 million of shares of its common stock the securities to be sold in the proposed offering at the public offering price, less underwriting discounts and commissions. All of the securities to be sold in the proposed offering are being offered by PepGen. Businesswire reports.

3) TTEC: TTEC Holdings, Inc.
Total gain: +72.04%

The company announced today financial results for the third quarter ended September 30, 2026. "Our third-quarter results show that the specific plans we laid out for this year are taking hold. Across TTEC Engage and TTEC Digital, we executed against our commitments; improving sales pipeline quality, strengthening program economics, expanding margins, and putting purpose-built AI tools into the hands of our frontline teams to create better outcomes for our clients and their customers," commented Ken Tuchman, TTEC chairman and chief executive officer. GlobeNewswire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

UCL

Ucloudlink Group

Q3 2026

Before Market Open

Estimate: -0.040

Actual: 0.019

FLNG

Flex LNG

Q3 2026

Before Market Open

Estimate: 0.610

Actual: 0.650

ITRG

Integra Resources

Q3 2026

After Market Close

Estimate: 0.060

Actual: N/A

Time (ET) / Report / Period

No events scheduled

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