The Nasdaq CTA Artificial Intelligence Index, which tracks 58 AI-linked stocks, fell 7.0% over the last month, while the AIQ ETF rose just 0.12% over three months. In his October 18 Investing Club column, Jim Cramer said it is too soon to return to the hardest-hit AI data center stocks and wants to see improved charts, hyperscaler reports, the end of the U.S. election and the Anthropic IPO first. Stockatomics founder Monte Malukas said his AI Infrastructure Index is up about 70% over the past year and memory chip prices have risen nearly fivefold, and he would watch hardware prices and shipment volumes as early signs of weaker demand. Meta reported negative free cash flow of $2.12 billion in Q3 2026 and expects 2026 capex of $135–145 billion, while Harry Hamann of InvestWealth.com said Microsoft, Alphabet, Amazon and Meta point to about $700 billion of capex in 2026. The Anthropic IPO, expected in mid-to-late November at an estimated $1.5–2 trillion valuation, is seen by some as a test of whether AI companies can turn demand into profit.
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artificial intelligencedata centersAnthropicIPONVDA
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▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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