Tech stocks rebound as AI shares rally ahead of earnings week
Semiconductor and AI names such as Nvidia, AMD and Intel led the gains as investors returned to the trade.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
U.S. technology stocks rebounded on Monday after a sharp sell-off the previous Friday that was the Nasdaq's worst week since early June. Semiconductor and AI names such as Nvidia, AMD and Intel led the gains as investors returned to the trade. Shares of cloud company CoreWeave, whose debt is about $35 billion, have slumped in recent weeks, though J.P. Morgan estimated Tuesday that most global banks have limited exposure to it.
Why it matters
Investors are weighing whether the rally has more room to run or whether they are growing wary of the companies that drove it. Earnings from Netflix, Tesla and Meta due this week will help show which way it goes.
Timeline
- Oct 19, 12:07 AM ET: U.S. stock futures rose after the Nasdaq's worst week since early June, with investors looking ahead to earnings from Netflix, Tesla and Meta.
- Oct 19, 9:57 AM ET: Semiconductor stocks jumped on Monday, with Intel leading chip stocks higher as investors returned to the AI trade.
- Oct 19, 3:53 PM ET: CoreWeave's stock and bonds had sold off sharply in recent weeks over concerns about its roughly $35 billion in debt.
- Oct 20, 3:30 AM ET: J.P. Morgan estimated that most global banks have limited exposure to CoreWeave, after its stocks and bonds slumped the previous week.
Coverage
- CoreWeave debt selloff poses limited risk to global banks, J.P. Morgan says (Reuters)
- The CoreWeave Stock Selloff: What the Regional Banking Crisis Can Teach Us (barrons.com)
- Spotlight on Levered Chip Financing Heightens: What is Happening at Nvidia and AMD? (Yahoo News)
- The Bond Market Is Sending a Warning to Nvidia Shareholders (fool.com)
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread
- Tech stocks rebound as AI selloff fears persist on Wall Street
- AI stocks rebound on Monday after last week's sharp selloff
- Tech stocks rebound on Monday after Friday's AI-driven selloff
More from Business
- Musk pledges SpaceX stock for every American child next year
- Small businesses sue to halt Trump's tariffs on Canadian imports
- Houthi attacks force Saudi Arabia to postpone investor conference
- Bank of America keeps October rate hike call despite markets
- Connecticut man admits losing $1.16M of investor crypto funds
- AI stock selloff keeps markets jittery as CoreWeave debt worries spread