Don’t buy this dip: Several signs suggest there’s more pain ahead for tech stocks

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• Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”

  NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.

  Yahoo Finance·19/10, 16:12▲ NVDANVDAJensen Huangartificial intelligence
• Nvidia Stock Could Be Headed for a Significant Revaluation

  The article argues NVIDIA could reach $400 in 2027, a gain of about 79% from $223.55. Second-quarter fiscal 2027 revenue reached $96.22 billion, up 105.8%, with Data Center sales rising 117% to $89.02 billion. The average analyst target of $328.72 implies about 47% upside, and fiscal 2028 EPS estimates have been revised upward. At $400, shares would trade near 25x forward earnings, versus about 14x today and 21 to 23x for the S&P 500. Key drivers include Vera Rubin orders and top-five hyperscaler capex rising from nearly $800 billion in 2026 to $1.3 trillion in 2027, while risks include memory costs that could push gross margin to 71% to 72%.

  Yahoo Finance·19/10, 16:00▲ NVDANVDAvaluationdata centers
• AI stocks lead rebound on Wall Street as European markets drop

  AI stocks recovered part of last week's steep losses on Wall Street on Monday, with the S&P 500 up 0.9% after its worst week since June and the Nasdaq up 1.7% on technology strength. Most U.S. stocks outside AI and tech were falling, while the Dow gained a modest 0.2%, or 111 points, as of 11:30 a.m. Eastern. European indexes dropped more than 1%, with Paris down 1.5%, after violent weekend protests that could push governments to boost spending and pressure bond markets. The 10-year Treasury yield rose to 5.12% from 5.09%, while Brent crude fell 1.4% to $108.35 a barrel. Cleveland-Cliffs jumped 15.1% after reporting a bigger-than-expected quarterly profit.

  twincities.com·19/10, 16:00▲ QQQ▲ SPY▲ NVDANVDAQQQartificial intelligence
• Stock Market Today: Dow Up, Nasdaq Rallies; Sandisk Surges As This Biotech Play Tests Entry (Live Coverage)Yahoo Finance·19/10, 15:44▲ QQQ▲ SPY▲ NVDAWall StreetDow JonesQQQ
• AI stocks lead a rebound on Wall Street as European markets drop following protests

  AI stocks rebounded on Wall Street on Monday after last week's steep losses, with the S&P 500 up 0.9% and the Nasdaq up 1.7%, while the Dow rose only 0.2% and most stocks outside AI and tech fell. European indexes dropped more than 1% after violent weekend protests, with Paris down 1.5%, and European bond yields rose on worries that governments would need to spend more, particularly in France. The 10-year Treasury yield climbed to 5.12%, near its highest level since 2002, while Brent crude fell 1.4% to $108.35 per barrel. CoreWeave rose 2.9% after tumbling 25.2% last week, Nvidia added 2.1%, and Cleveland-Cliffs jumped 15.1% after reporting a bigger-than-expected quarterly profit. Analysts expect S&P 500 profit growth of 29% from the prior summer, and Meta Platforms and Lam Research will report results on Wednesday.

  aol.com·19/10, 15:30▲ QQQ▲ NVDA▲ SPY▼ EUR/USDartificial intelligenceWall StreetEurope
• Tech Stock Sell - Off : 1 Unstoppable ETF to Buy on the Dip in 2026

  The article argues that rising interest rates and Treasury yields could push investors out of tech stocks and into lower-risk fixed-income assets, triggering a sharp sell-off. It suggests buying a broad ETF rather than betting on one stock, and highlights the Invesco QQQ Trust, which passively tracks the Nasdaq-100 for a 0.18% expense ratio versus an average of 0.44% for active ETFs. Its top holdings include Nvidia (8.1%), Apple (7.7%) and Microsoft (6.2%), and the author says its exposure to cloud and AI growth should keep driving returns. QQQ returned 549% over ten years versus 324% for the S&P 500, though past performance does not guarantee future gains. The author suggests accumulating QQQ during a crash if investors can tolerate volatility and hold for several years.

  aol.com·17/10, 19:00▼ QQQ▼ SPYQQQSPYETF

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• JPMorgan Backs Two Defense Startups With $5 Billion

  JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.

  Yahoo Finance·19/10, 16:14• JPMJPMorgandefenseventure capital
• X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights

  X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.

  Yahoo Finance·19/10, 16:14AMZNnuclear powerelectricity
• Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor

  Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.

  Yahoo Finance·19/10, 16:13▲ GOOGLAlphabetself-driving carsvaluation
• AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3

  Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.

  Yahoo Finance·19/10, 16:08▲ AMZNAMZNcloud computingearnings
• Bitcoin is rejected at $83K as US bond yields reverse higher with equities

  Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.

  Cointelegraph·19/10, 16:05▼ BTC/USDT▼ ETH/USDTbitcoincryptobonds
• Bitcoin Tests Key Support as Oil and AI Fears Squeeze Markets

  Bitcoin traded near $82,164 after touching $83,040 earlier in the day, sitting just above a key support line. Brent crude hovered near $108 a barrel after attacks on Persian Gulf tankers and Russian crude facilities, while September CPI rose 3.7% and PPI jumped 6.3%, raising expectations of a Federal Reserve rate hike. The 10-year Treasury yield stood at 5.08%, and spot Bitcoin ETFs lost about $910 million over two weeks. The Nasdaq Composite fell more than 2% on Friday for its worst week since June, with CoreWeave down about 24% over the week. Technically, RSI sits at 49.3 and ADX at 21.6, signaling no firm trend, and the article notes that a daily close below $81,603 could open the way to $81,196.

  Decrypt·19/10, 16:05▼ BTC/USDT▼ ETH/USDTbitcoincryptoinflation