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Tech stocks rebound on Monday after Friday's AI-driven selloff

Chipmakers including AMD, Nvidia and Intel led a Monday recovery after Friday's sharp drop in U.S. tech and AI shares. Investors now await the coming week's earnings from Netflix, Tesla, Meta and SpaceX to see if the rally holds.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

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What happened

U.S. technology and AI stocks, which had fallen sharply on Friday, recovered on Monday as chipmakers such as AMD, Nvidia and Intel rose. Investors are now looking ahead to a week of earnings from Netflix, Tesla, Meta and SpaceX to judge whether the market rally can continue.

Why it matters

Some observers suggest the AI market boom may be reassessed.

Timeline

  1. Oct 19, 12:07 AM ET: U.S. stock futures rebounded after the Nasdaq's worst week since early June.
  2. Oct 19, 9:57 AM ET: Intel led chip stocks higher as investors returned to the AI trade.
  3. Oct 19, 5:30 PM ET: AMD and Nvidia led the AI trade higher on Monday following Friday's big losses.
  4. Oct 19, 10:29 PM ET: Some AI market observers said a reassessment of AI business values may be under way after a wobble on the Nasdaq.

Coverage

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