Wall Street's AI rally faded as Asian and European markets sold off, with South Korea's Kospi closing in bear market territory and CoreWeave shares falling after a weak session amid persistent credit concerns in the AI trade. South Korean AI data center firm Elice fell over 30% in its trading debut, and several other data center firms have cancelled IPO plans. HSBC says CoreWeave shares could drop another 36% on rising borrowing costs and slowing revenue growth, while Goldman Sachs upgraded the stock. Brent crude rose to $111, its highest since May, as Middle East attacks escalated. Nvidia plans to invest nearly $10 billion in Europe, while Netflix (expected by LSEG to post 40% third-quarter earnings growth) and SpaceX report earnings after the close.
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Keywords
artificial intelligenceCoreWeaveIPOoil pricesWall Street
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 718.36 |
| Change that session | +1.21% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 766.48 |
| Change that session | +0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
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