Tech stocks tumble Friday, AI shares lead the way

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• Stock Market Today: Tech Futures Rebound As AI Names Bounce; AMD, CoreWeave, Nvidia Rally (Live Coverage)Yahoo Finance·19/10, 12:20▲ NVDA▲ QQQNVDAQQQtech stocks
• Tech stocks tumble Friday , AI shares lead the wayhaitisun.com·16/10, 19:45▼ NVDA▼ QQQ▼ SPY▼ AAPLtech stocksartificial intelligenceNVDA
• Tech stocks tumble Friday , AI shares lead the wayiranherald.com·16/10, 19:45▼ NVDA▼ QQQ▼ SPY▼ AAPLtech stocksartificial intelligenceNVDA
• AI Stocks Suffer Selloff as Investors Rotate Out of Tech Trade

  AI-related stocks fell sharply as investors rotated out of tech into blue-chip companies and government bonds, with the PHLX Semiconductor Index down about 2% on Oct. 15 but still up 61% this year. South Korea's KOSPI plunged almost 8% on Oct. 15 and has fallen 18% over the past five sessions, while the Dow Jones Industrial Average rallied more than 400 points. Core producer inflation rose 0.7%, above estimates, pushing the 10-year Treasury yield below 5.1%, its lowest in about a month. Hendi Susanto of Gabelli Funds said the key risk is that expectations for AI are fragile, though demand for AI infrastructure components remains high. Torsten Slok of Apollo argued AI spending is not sensitive to interest rates, but higher borrowing costs could weigh on consumer spending.

  theepochtimes.com·15/10, 20:15▼ NVDA▼ QQQNVDAQQQartificial intelligence
• How to weather the current AI stock storm that we were all dreading

  The author argues that AI stocks are going through a painful pause rather than the end of the boom, even though Anthropic's earnings fell short of expectations despite a $100 billion annualized run-rate. He points to debt worries at CoreWeave, a possible midterm backlash against new data centers, and the risk of renewed war with Iran. He also suggests Fed chair Kevin Warsh may need to push short-term rates to 5.5% or 6% to bring inflation back to 2%. Jensen Huang's comment that CoreWeave is fine briefly steadied tech stocks on Thursday. The club holds 12% of its funds in cash, recently took profits in Cardinal Health, and bought more Bank of New York shares.

  CNBC·15/10, 17:06▼ NVDA▼ QQQNVDAQQQartificial intelligence
• The AI trade is cracking. Here's how to profit

  The article says the AI trade shows cracks: concerns over OpenAI's revenue growth have hit neocloud stocks, chips are selling off on worries about Chinese competition, and the Fed hiked rates for the first time since 2023 in September. Even so, QQQ's IVx sits at 20.7%, level with IWM and above SPY's 15%, and has stayed at least three points above realized volatility for 29 straight sessions. The author sells the 720/710 put spread expiring November 13 for a credit of about $1.81, with maximum profit of $181 if QQQ stays above $720, maximum loss of $819 if it closes below $710, and a breakeven of $718.19. Key risks include CPI, Taiwan Semiconductor earnings, and Microsoft and Alphabet results alongside the October 28 Fed decision, so the article suggests considering closing or rolling the trade before expiration.

  CNBC·13/10, 16:44▼ NVDA▼ QQQNVDAQQQartificial intelligence

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• 2 No-Brainer High-Yield Energy Stocks to Buy Right Now, Starting With Energy Transfer

  The article argues that Energy Transfer (ET) and Enterprise Products Partners (EPD), two midstream pipeline MLPs, offer high dividend yields of 6.69% and 5.99%, compared with an average of 1.06% for the S&P 500. EPD has raised its dividend for 28 consecutive years, while ET has delivered 19 consecutive quarterly increases. Both rely on fee-based, long-term contracts, and their distribution coverage ratios in the second quarter were 2.2x for ET and 1.9x for EPD. ET reported second-quarter net income of $2.09 billion, up 80.1%, and adjusted EBITDA of $5.07 billion, and raised its annual EBITDA guidance to $18.8–19.1 billion. EPD reported record second-quarter net income of $1.8 billion.

  Yahoo Finance·22/10, 18:50dividendsEnergy Transferearnings
• Why Carpenter Technology Stock Crashed After Earnings

  Carpenter Technology (CRS) shares fell 22.2% on Thursday after fiscal Q1 2027 earnings of $3.25 per share beat the $3.04 forecast, but sales of $798.5 million missed the $830.8 million forecast. Revenue still rose 28% year over year to a company record, and bookings for future shipments in aerospace and distribution grew 49%. However, the company generated no free cash flow and burned nearly $25 million on higher capital spending for a brownfield factory expansion, despite $162.5 million in GAAP net profit. The article notes the stock trades at 32x trailing earnings with a PEG ratio of 1.5, against expected long-term earnings growth of 21.5%, suggesting it may be overpriced.

  Yahoo Finance·22/10, 18:48earningsvaluationcapital expenditure
• META Stock Set To Record Worst Day In Nearly Three Months As Investors Fret Over Negative Cash Flows Amid Raised Capex Floor

  Meta Platforms (META) shares fell about 6% on Thursday as investors grew anxious over negative cash flow from heavy AI-related capital spending. In the quarter, free cash flow turned negative at $2.12 billion, and the company raised the floor of its full-year capex forecast from $130 billion to between $135 billion and $145 billion. The cost of insuring against default on Meta's five-year credit default swaps hit an all-time high, and the company announced a new nonvoting Class C stock to preserve founder-led governance. Filings show CEO Mark Zuckerberg had considered leaving California if a proposed wealth tax passed, but he said he will stay in the state after the new stock class is implemented. On Stocktwits, retail sentiment was bullish, retail chatter rose about 400%, and the stock is down about 2% year to date.

  Yahoo Finance·22/10, 18:42▼ METAMETAAI investmentdefault risk
• Moderna shares plunge after leak of partial cancer vaccine data despite positive results

  Moderna shares fell as much as 25% on Thursday after partial data from its cancer vaccine developed with Merck leaked ahead of the full results, which were released later that day. The full data appeared positive relative to Wall Street expectations: the personalized vaccine intismeran autogene, combined with Keytruda, reduced the risk of recurrence or death in certain melanoma patients by 42% versus Keytruda alone, and cut the risk of distant spread or death by 38%. Detailed phase 3 results will be presented at the European Society for Medical Oncology conference this weekend. Investors view the vaccine as a possible breakthrough that could extend to other cancers, and the stock has spiked more than 530% this year on high expectations.

  CNBC·22/10, 18:41healthcarecancer vaccinepharmaceuticals
• Meta has big plans for its Muse AI agent

  Meta reported better-than-expected third-quarter results with record revenue and announced a 2-for-1 stock split, under which shareholders receive one new Class C share for each share held. The highlight was its Muse AI agent: about 10 million people in the US and Canada have set up the app since launch, mostly for shopping, with average purchases above $200. Zuckerberg said Meta would earn revenue by taking a small cut of sales made through the agent and that compute efficiency could improve 10x within a year, which he believes could make Muse highly profitable over time. TD Cowen's John Blackledge estimates Muse could exceed 1 billion daily active users within five years, and Meta's leadership suggests it could happen sooner.

  Yahoo Finance·22/10, 18:40▲ METAMETAartificial intelligenceearnings
• GE Vernova Slumps 11% as Meta’s Spending Outlook Stokes AI Financing Worries; Vertiv Holdings Drops 7%, Eaton Slides 6%

  Power-equipment stocks fell after Meta's raised AI spending outlook and negative free cash flow revived questions about how AI infrastructure will be financed. GE Vernova dropped 11% to $826.01, Vertiv Holdings fell 7% to $196.42, and Eaton slid 6% to $369.80, while the First Trust smart-grid ETF lost 4%. Meta CFO Susan Li said the company had no specific financing plans yet but was building a capital structure framework, including a new class of non-voting shares, to access a diverse pool of funding. The article flags GE Vernova's $176 billion backlog and over $5 billion in data center orders year to date as exposed if hyperscaler spending slows. The next test is GE Vernova's third-quarter report as hyperscalers finalize next year's budgets.

  Yahoo Finance·22/10, 18:39▼ META▼ QQQ▼ SPYMETAAI investmentdata centers