S & P 500 logs biggest weekly loss since June as oil at $110 , AI trade fears rattle Wall Street

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• Baystreet . ca - When Might October Nasdaq Correction End ?

  The Nasdaq Composite (QQQ) is down 6.96% from its 52-week high and fell 5.52% last week, short of the 10% decline that defines a technical correction. The article argues that high oil prices, with September CPI and PPI both rising, will keep inflation elevated while Iran controls traffic through the Strait of Hormuz. Beaten-down AI infrastructure names fell sharply, with CoreWeave (CRWV) down 25.21% last week as short sellers held a 17% short float and bet that its $50 billion debt load is unsustainable, and Nebius (NBIS) dropped 25%. In software, Twilio (TWLO) fell 15.6%, while Autodesk (ADSK), Salesforce (CRM) and Adobe Systems (ADBE) saw buying. The article expects volatility may ease after the mid-term elections.

  baystreet.ca·19/10, 15:45▼ QQQ▼ SPY
• 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▲ NVDA
• ‘The Major Ones All End Badly’: Pulitzer-Winning Crash Historian on US Stocks at 250% of GDP

  Pulitzer-winning historian Liaquat Ahamed warns that US equities, including private equity, sit at 250% of GDP after a trillion dollars flowed in from foreigners over the past 12 months, and that such booms usually end badly once rising rates choke off cheap financing. He points to a 150-basis-point rise in real rates, with the 10-year Treasury yield at 5.19% on October 14, 2026, and compares today's AI spending with the 1873 railroad bubble, which was financed largely by bonds. The article highlights NVIDIA, with a $5.2 trillion market cap, whose 2.32% earnings yield trails the 5.09% yield on the 10-year Treasury.

  Yahoo Finance·19/10, 15:35▼ QQQ▼ SPYinterest ratesvaluationbonds
• AI stocks lead rebound on Wall Street as European markets drop

  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.

  sun-sentinel.com·19/10, 15:30▲ QQQ▲ NVDA▲ SPY
• AMD Stock Climbs Nearly 4 % as Chipmakers Rebound From Worst Week Since March on Lower Yields and Oil Prices

  AMD shares rose nearly 4% on Monday as semiconductor stocks rebounded from a sharp sell-off the previous week, helped by lower Treasury yields and easing oil prices. At 10:26 a.m. Eastern time, AMD was up $19.91, or 3.77%, at $548.66, after closing Friday at about $528.75, and the company released no company-specific news. The iShares Semiconductor ETF had fallen nearly 12% last week, and the Philadelphia Semiconductor Index posted an eight-session losing streak, its longest since 2008, wiping out close to $2 trillion in sector market value. The selloff was partly driven by worries over heavy AI infrastructure spending and debt, with CoreWeave falling more than 25%. AMD is expected to report third-quarter results in the coming weeks, and analysts say the rebound's durability will depend on interest rates, oil prices and confidence in AI spending.

  ibtimes.com.au·19/10, 15:30▲ NVDA▲ QQQ• SPY
• Billionaire CEO : AI Is The Biggest Bubble Of Our Lifetime , But Investors Should Keep Buying During The Melt - Up

  Galaxy Digital CEO Mike Novogratz called AI “the biggest bubble of our lifetime” at a Greenwich Economic Forum panel in early October, yet urged investors to keep buying. He says AI stocks still look cheap on price-to-earnings and rising long-term borrowing costs are not enough to stop the rally, while competition with China makes slowing AI development unlikely. His exit signals are stocks and the dollar falling together, spiking bond yields and foreign selling of Treasuries. The article notes NVIDIA revenue rose 105.8% to $96.22B, top-five hyperscalers are projected to spend $1.3 trillion on capex in 2027, and NVIDIA trades near 43 times trailing earnings versus about 29 for Microsoft. After the panel, CPI rose 3.7% against 3.6% expected, and the S&P 500 fell about 0.95%.

  aol.com·19/10, 15:30• QQQ• SPY

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• CoreWeave Dropped 20% Last Week. Is It Time to Panic or Buy?

  CoreWeave shares fell more than 20% as of Oct. 16, driven mainly by concerns over debt and spending. The company carries about $35 billion in total debt against $5.5 billion in cash, with net interest payments reaching $640 million in the second quarter alone, unsecured bond yields approaching 15%, and an S&P rating of B+. Capital expenditure was just over $16 billion in the first half of 2026 and could reach $39 billion for the year, roughly triple its $12.4 to $13.2 billion revenue guidance. States are also weighing restrictions on data centers. On the positive side, second-quarter revenue rose 112% year over year and the backlog exceeded $104 billion. The author has reservations and sees the drop as an opportunity only for the most risk-tolerant investors, who might build a position slowly, while the company needs to prove it can convert its backlog efficiently and manage debt.

  Yahoo Finance·19/10, 15:50• NVDA
• Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade

  Apple's first foldable iPhone, the iPhone Duo, sold out within minutes of its worldwide preorders opening on Oct. 16, but buyers who ordered more than an hour later face a delay of nearly three months, according to Korea JoongAng Daily, which puts the U.S. starting price at $1,999. One unnamed supply-chain source said Foxconn's final-assembly yield was just above 60% heading into late September, against the 90%-plus rate Apple typically expects, and the hinge, which holds more than 100 parts, is cited as a constraint. Analyst Jeff Pu cut his 2026 shipment estimate from 7 million to 6 million, while reported forecasts range from about 6 million to 10 million units. The article also recalls that Skyworks Solutions, identified as the power-amplifier supplier of the original iPhone, rose about 1,200% over a decade, though those figures cover price only.

  Yahoo Finance·19/10, 15:49▲ AAPL
• Why Sandisk Stock Shot Higher Today

  Sandisk shares jumped as much as 8.3% and were still up 7.9% at 11:24 a.m. ET, helped by a tech rebound and positive news in high-bandwidth memory (HBM). Nvidia has developed NVHBM, a custom HBM die with 15% lower power consumption and 30% higher bandwidth that links NVLink and HBM chips. A Seoul Economic Daily report says Nvidia asked Samsung Electronics to use TSMC's 3-nanometer process to make NVHBM dies, the first such collaboration between the two. Nvidia has also approached Micron and SK Hynix to standardize the process, which could free compute-die space for up to 30% additional compute. The article argues this suggests AI adoption still has room to grow, which would also benefit memory suppliers, and notes Sandisk trades at 19 times earnings and 6 times forward earnings.

  Yahoo Finance·19/10, 15:48
• JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use

  JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.

  Yahoo Finance·19/10, 15:45▲ ETH/USDT• JPM
• Prediction : Amazon Next Chapter Could Be Its Most Important One Yet

  24/7 Wall St. sets a price target of $332.67 for Amazon (AMZN), 30.4% above the current $255.20, and rates the stock a buy with 70% confidence. The thesis rests on AWS, which grew 37% last quarter, its fastest pace in 18 quarters, while Amazon plans to spend about $200B in 2026 on AI infrastructure, chips, robotics and satellites. The article flags risks: trailing free cash flow turned negative at about -$7.6B after second-quarter capex rose 68.44%, and long-term debt climbed to $119.1B from $65.6B. It compares Amazon's valuation with Microsoft and Alphabet, and says the author would stay constructive if AWS growth stays above 30% and free cash flow turns positive in 2027.

  247wallst.com·19/10, 15:45▲ AMZN
• Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?

  Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.

  al-monitor.com·19/10, 15:45▲ XAU/USD