AI stocks fell Thursday as another wave of selling hit the AI trade, after Nvidia CEO Jensen Huang said neoclouds such as CoreWeave face a “scarcity of capital” even though compute demand is “off the charts.” Meta fell nearly 6%, possibly because of its plan to issue nonvoting stock to help fund AI spending, while GE Vernova dropped almost 10% and Lam Research's guidance for the current quarter disappointed. Money rotated into defensive sectors such as healthcare and consumer staples, which led the S&P 500, and bond yields fell as bond prices rose. Johnson & Johnson erased all of its post-earnings sell-off, while Kimberly-Clark kept climbing.
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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 10/21/2026 | 221.87 |
| Change that session | +2.49% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.21 |
| Change that session | +1.06% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.13 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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