PR Newswire·Nov 9, 2026, 12:02 PM ET

Quarterly Reports and an Independent Board Inquiry Frame the Chip Sector's Week

The PHLX Semiconductor Sector Index rose 4.33% to 9,796.62 as of 10:02 a.m. ET on November 9, 2026, while NVIDIA shares fell 4.77% to $177.74.
NVIDIA's board initiated an independent investigation on November 8 regarding reports that CEO Jensen Huang was targeted by a foreign intelligence effort, though the board stated there is no evidence of compromised national security or secrets.
ON Semiconductor reported third-quarter revenue of $1,722 million, an 11% year-over-year increase, with free cash flow growing 31% to $489 million, and raised its 2030 AI data center revenue target to over $3 billion.
Lattice Semiconductor achieved record third-quarter revenue of $291.0 million, an 118% year-over-year increase, driven by 90% growth in FPGA revenue due to AI data center demand.
NXP Semiconductors reported third-quarter revenue of $3.79 billion, a 19% year-over-year increase, and announced a $5 billion increase to its share repurchase authorization.
Astera Labs reported record third-quarter revenue of $584.9 million, a 154% year-over-year increase, with its Scorpio fabric switches becoming its largest product family by revenue.
Four of the five covered chipmakers traded higher on November 9, contrasting with NVIDIA's decline following its investigation announcement.