Wall Street struggled last week as concerns about financing the AI boom overshadowed strong earnings. Meta reported negative free cash flow for the first time since its 2012 IPO, and CoreWeave fell 10% Thursday as investors scrutinized its borrowing costs, before the Dow dropped more than 1% Friday as oil surged on fears of renewed U.S. strikes against Iran. For the week, the Dow gained 0.4%, the S&P 500 fell 0.5% and the Nasdaq slipped 0.7%. The portfolio bought 10 shares of GE Vernova and upgraded it to a buy-equivalent 1 rating, while reducing broader AI exposure by exiting Broadcom at an average gain of roughly 128% and trimming CrowdStrike, which had a gain of about 187%. Defensive stocks like Kimberly-Clark (up 4.3%) and Home Depot (up 3.3%) benefited, while Meta, down more than 9% for the week, kept a hold-equivalent 2 rating and $800 price target.
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Keywords
Wall StreetAI investmentartificial intelligenceNVDAoil prices
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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