Chipmakers saw a strong recovery, with a key index of major chip firms climbing 3.5% as investors bet on continued AI-driven earnings growth. CoreWeave Inc. surged 2.8% following a Goldman Sachs recommendation after recent volatility. The market is now closely watching earnings reports from major tech firms like Meta Platforms and Tesla, which could further shape investor sentiment. Analysts suggest the AI sector remains a key driver of market performance, despite recent fluctuations. The rebound highlights the resilience of tech stocks amid shifting market conditions.
October 18, 2026
Nasdaq 100 Gains as AI Trade Revives
The Nasdaq 100 rose 1.9% as chipmakers rebounded on renewed confidence in the AI investment trend.
Impact
The AI sector's resurgence signals renewed optimism, potentially boosting tech stocks and investor confidence in the coming weeks.