CNBC: AMD, Nvidia and Micron not sold off enough
CNBC reported that Tom Sosnoff of LossDog said AMD, Nvidia and Micron have not sold off enough to call the market oversold, in a discussion on the network's “Squawk Box.”
What happened
CNBC reported on Nov 2, 07:32 UTC that Tom Sosnoff, co-founder and CEO of LossDog, said AMD, Nvidia and Micron haven't sold off enough to say the market is oversold. The network's “Squawk Box” team discussed the tech trade with Sosnoff. The segment also covered where the Nasdaq is trading and what may be next for the sector.
Stocks market context
At Nov 2, 21:00 UTC the SPY ETF was $752.10 and fell 0.48% from the prior close; the QQQ ETF was $681.09 and fell 1.36% from the prior close. NVIDIA was $202.06 and fell 1.26% from the prior close; Microsoft was $507.12 and fell 2.83% from the prior close; Amazon was $245.63 and rose 2.20% from the prior close.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $752.10 | -0.48% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $681.09 | -1.36% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| NVIDIA | $202.06 | -1.26% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| Apple | $338.32 | -1.83% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| Microsoft | $507.12 | -2.83% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| Amazon | $245.63 | +2.20% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| Alphabet | $278.99 | -0.30% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| Meta Platforms | $606.73 | -1.34% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| Tesla | $403.82 | +1.00% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
| JPMorgan Chase | $340.58 | +1.05% | vs prior close | Nov 2, 21:00 UTC | Finnhub |
Related coverage
Yahoo published a Zacks Earnings Preview that names Nvidia, Micron and Alphabet among this week's reports. Yahoo also reported that Nvidia and AMD are backing a $6 billion AI startup. Separately, Yahoo reported AMD slid 3% ahead of earnings in afternoon trading.
- AMD, Nvidia, Micron haven't sold off enough to say market is oversold: LossDog's Sosnoff — CNBC, Nov 2, 07:32 UTC
- Nvidia, Micron and Alphabet is part of Zacks Earnings Preview — Yahoo, Nov 2, 08:09 UTC
- Nvidia and AMD Are Backing a $6 Billion AI Startup Taking on Grok — Yahoo, Nov 2, 15:44 UTC
- AMD Slides 3% Ahead of Earnings as PC Worries Linger; Intel Drops 5%, NVIDIA Edges Higher — Yahoo, Nov 2, 17:49 UTC
- 3 High-Yielding Dividend Stocks Investors Should Consider Holding Even if the Stock Market Sell-Off Persists in November — Yahoo, Nov 2, 15:35 UTC
What to watch
Data was unavailable for scheduled events directly tied to AMD, Nvidia or Micron for this article.
- Tue Nov 3 (before the open) — MPC Q3 2026 earnings · EPS estimate 24.72
- Tue Nov 3 (before the open) — ET Q3 2026 earnings · EPS estimate 0.42
- Wed Nov 4 (time not confirmed) — PAYP Q2 2026 earnings · EPS estimate 26.16
- Wed Nov 4 (before the open) — CVS Q3 2026 earnings · EPS estimate 1.67
- Wed Nov 4 (before the open) — COR Q4 2026 earnings · EPS estimate 4.63
- Wed Nov 4 (after the close) — MCK Q2 2027 earnings · EPS estimate 10.81
Sources and data
- CNBC (secondary source) — AMD, Nvidia, Micron haven't sold off enough to say market is oversold: LossDog's Sosnoff
- Yahoo (secondary source) — Nvidia, Micron and Alphabet is part of Zacks Earnings Preview
- Finnhub (market data) — market data
Market data as of Nov 2, 21:00 UTC; report generated Nov 2, 22:50 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Overbought / oversold
Labels for when an indicator such as RSI or a stochastic oscillator suggests a price has risen (overbought) or fallen (oversold) too far, too fast relative to its recent range.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Dividend
A cash payment (or occasionally extra shares) a company distributes to shareholders out of its profits.
Sources & data
- CNBC (secondary, retrieved Nov 2, 2026, 10:50 PM UTC)
- Yahoo (secondary, retrieved Nov 2, 2026, 10:50 PM UTC)
- Finnhub (market-data, retrieved Nov 2, 2026, 10:50 PM UTC)
Market data as of Nov 2, 2026, 09:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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