AI stocks rebound on Monday after last week's sharp selloff
After a steep drop last week that left the Nasdaq with its weakest stretch since early June, chipmakers such as Nvidia, AMD and Intel drove Monday's bounce, though some investors stayed wary until upcoming quarterly results arrive.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
AI-linked technology stocks fell sharply last week, leaving the Nasdaq with its worst week since early June. On Monday, chipmakers including Nvidia, AMD and Intel led a rebound, though some investors remained cautious.
Why it matters
The rally's durability depends on upcoming quarterly results, which will show whether investors are growing wary of the companies that powered the gains.
Timeline
- Oct 19, 7:27 AM ET: Stock futures were mixed as the AI trade rebounded after the worst week for the tech-heavy Nasdaq since June.
- Oct 19, 9:50 AM ET: Semiconductor stocks jumped as investors shifted their focus to earnings from Netflix, Tesla and Meta.
- Oct 19, 5:30 PM ET: AMD and Nvidia led the AI trade higher after Friday's large losses, with Meta, SpaceX and Tesla earnings still due.
- Oct 19, 6:46 PM ET: Jim Cramer warned investors against rushing back into AI stocks yet.
Coverage
- Strategist Tom Lee says he’s buying the AI stock dip, and Cisco holds the key (marketwatch.com)
- Jim Cramer says the recent AI stock sell-off echoes a crucial lesson from the 1987 market crash (CNBC)
- US Stock Market Today: S&P, Nasdaq Trade Higher As AI Stocks Lift Wall Street Ahead Of Tech Earnings (ndtvprofit.com)
- Investors are buying on Monday despite fear the AI trade nightmare scenario is far from over (CNBC)
- AI Stocks Bounce Back but It’s Nothing to Celebrate (barrons.com)
- A Repeat Of 'Black Monday' Would Send The S&P 500 Down More Than 1,500 Points And Wipe Out More Than $13 Trillion In Stock Market Value (AJ Tiarsmith)
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread
- Tech stocks rebound as AI selloff fears persist on Wall Street
- Tech stocks rebound as AI shares rally ahead of earnings week
- Tech stocks rebound on Monday after Friday's AI-driven selloff
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