AI stocks bounce back after bruising selloff, CoreWeave gets Goldman upgrade

AI-linked stocks rebounded on Monday as government bond yields and crude oil prices eased, while CoreWeave shares rose after Goldman Sachs upgraded the company. CoreWeave had lost a quarter of its value the previous week amid concerns over its $50 billion debt, contributing to a global AI and technology selloff. The broader rebound came as investors assessed borrowing costs, AI valuations and upcoming technology earnings.

Goldman Sachs upgraded CoreWeave to buy from neutral, citing tight computing capacity and a performance advantage that could increase annual recurring revenue per megawatt over the next two years.

The yield on CoreWeave bonds maturing in 2031 fell 19.5 basis points to 15.13 percent after exceeding 16 percent the previous week, according to Tradeweb data.

Morgan Stanley expects total AI investment to reach $1.6 trillion in 2027 and $1.8 trillion in 2028.

The Philadelphia Semiconductor Index lost more than 11 percent the previous week and shed about $2 trillion in market value during an eight-session losing streak through Friday.

Meta Platforms, Tesla and SpaceX were scheduled to report results later in the week, alongside semiconductor companies including Lam Research, Texas Instruments and Western Digital.

Published Oct 20, 2026 12:44 am KST

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, Monday. Tech shares were on the upswing early October 19 as investors opened the week by taking advantage of last week's pullback in the Nasdaq. Last weeks 4.5 percent drop was due to various worries surrounding the artificial intelligence buildout, including over the impact of higher interest rates on debt taken out to finance the boom. AFP-Yonhap

AI-linked stocks bounced back on Monday from a bruising selloff last week as yields on government bonds dropped and crude oil prices eased, while CoreWeave gained following a rating upgrade.

Its shares were up 2.4 percent in choppy trading after losing a quarter of their value last week as the neocloud company's $50 billion debt triggered a crisis of confidence, sparking a global selloff across AI and tech stocks.

"It's going to continue to be a factor, it's going to be a constant push-pull over time," said Thomas Hayes, chairman at Great Hill Capital.

Goldman Sachs upgraded CoreWeave to "buy" from "neutral", saying tight computing capacity and the company's performance advantage over rival neocloud firms should lift annual recurring revenue per megawatt over the next two years. The brokerage said the recent pullback is a buying opportunity.

The yield on CoreWeave's bond maturing in 2031 fell 19.5 basis points to 15.13 percent, easing from more than 16 percent last week, according to Tradeweb data.

Neocloud rival Nebius Group rose 3.4 percent after tumbling more than 31 percent in the past two weeks. Data center operators Applied Digital and IREN gained 8.5 percent and 5 percent, respectively.

"You could certainly see a dead cat bounce today and maybe some continuation tomorrow, but it doesn't change the fact that the bond market is very skeptical about continuing to finance this without demanding higher and higher yields," added Hayes.

The AI trade stumbled last week after a hot inflation reading raised bets for interest-rate hikes, fuelling concerns that heavily indebted AI companies could face higher borrowing costs.

Morgan Stanley expects total AI investment to surge to $1.6 trillion in 2027 and $1.8 trillion in 2028.

The Philadelphia Semiconductor Index dropped more than 11 percent last week, with chip stocks among the hardest hit in the AI rout.

The index has shed around $2 trillion in market value during an eight-session losing streak through Friday. It was last up 2.4 percent, on course to snap its longest losing streak since October 2008.

Intel climbed 4.5 percent after J.P. Morgan upgraded the stock to "neutral" from "underweight", saying rising agentic AI workloads and tight supplies of advanced chips could support positive earnings estimate revisions through 2027.

Nvidia added 1.5 percent, AMD gained 3.6 percent and Broadcom advanced 2.4 percent, after all three sold off sharply last week.

Memory-chip maker Micron Technology climbed 4.2 percent after sliding nearly 15 percent last week. Data-storage firms Sandisk, Western Digital and Seagate gained after steep declines last week.

Earnings from megacap technology companies and hyperscalers could be the next test for the AI trade that powered Wall Street to record highs earlier this year, as investors look for evidence that earnings growth can offset concerns over valuations, debt and interest rates.

Facebook-parent Meta Platforms and Elon Musk-led Tesla and SpaceX will report results later this week.

Semiconductor companies Lam Research, Texas Instruments and Western Digital, are also set to report quarterly results.

"The question this quarter is not whether AI will continue to grow, it's whether investors are still willing to pay a premium for that growth," said Jay Woods, chief market strategist at Freedom Capital Markets.

周一，随着政府债券收益率和原油价格回落，人工智能相关股票反弹，高盛上调CoreWeave评级后，该公司股价也随之上涨。此前一周，由于市场担忧其500亿美元的债务，CoreWeave的市值缩水四分之一，引发了全球人工智能和科技股的抛售潮。此次整体反弹是由于投资者重新评估了借贷成本、人工智能估值以及即将公布的科技公司财报。

高盛将 CoreWeave 的评级从“中性”上调至“买入”，理由是其计算能力紧张，且其性能优势可能会在未来两年内提高每兆瓦的年度经常性收入。

根据 Tradeweb 的数据，CoreWeave 2031 年到期债券的收益率在前一周超过 16% 后，下降了 19.5 个基点至 15.13%。

摩根士丹利预计，到 2027 年人工智能领域的总投资将达到 1.6 万亿美元，到 2028 年将达到 1.8 万亿美元。

费城半导体指数上周下跌超过 11%，截至上周五的连续八个交易日下跌中，市值蒸发约 2 万亿美元。

Meta Platforms、特斯拉和SpaceX计划在本周晚些时候公布业绩，同时公布业绩的还有Lam Research、德州仪器和西部数据等半导体公司。

发布于2026年10月20日凌晨12:44（韩国标准时间）

周一，纽约证券交易所（NYSE）开盘时，一名交易员正在交易大厅工作。10月19日早盘，科技股走高，投资者趁着上周纳斯达克指数回调的机会，纷纷买入科技股。上周纳斯达克指数下跌4.5%，原因是市场对人工智能发展前景存在诸多担忧，包括利率上升可能对为人工智能热潮融资而举债的影响。法新社-韩联社

周一，人工智能相关股票从上周的暴跌中反弹，原因是政府债券收益率下降和原油价格回落；CoreWeave 在评级上调后股价上涨。

该公司股价在震荡交易中上涨了 2.4%，此前由于这家新云公司 500 亿美元的债务引发了信心危机，导致全球人工智能和科技股遭到抛售，其股价上周下跌了四分之一。

“这将继续成为一个因素，随着时间的推移，这将是一个持续的拉锯战，”Great Hill Capital 董事长 Thomas Hayes 说。

高盛将CoreWeave的评级从“中性”上调至“买入”，称计算能力紧张以及该公司相对于竞争对手新云公司的性能优势，应会在未来两年内提升其每兆瓦的年度经常性收入。该券商表示，近期的回调是买入良机。

根据 Tradeweb 的数据，CoreWeave 2031 年到期债券的收益率下降 19.5 个基点至 15.13%，低于上周的 16% 以上。

Neocloud的竞争对手Nebius Group在过去两周暴跌超过31%之后，股价上涨了3.4%。数据中心运营商Applied Digital和IREN分别上涨了8.5%和5%。

“今天你当然可能会看到死猫反弹，明天也许还会继续，但这改变不了债券市场对在不要求越来越高的收益率的情况下继续为此融资持非常怀疑态度的事实，”海耶斯补充道。

上周，由于通胀数据走高，市场预期加息，人工智能交易承压，加剧了人们对负债累累的人工智能公司可能面临更高借贷成本的担忧。

摩根士丹利预计，到 2027 年人工智能领域的总投资将飙升至 1.6 万亿美元，到 2028 年将达到 1.8 万亿美元。

上周费城半导体指数下跌超过 11%，芯片股在人工智能暴跌中受到的冲击最为严重。

截至周五，该指数已连续八个交易日下跌，市值蒸发约2万亿美元。截至发稿时，该指数上涨2.4%，有望结束自2008年10月以来最长的连跌纪录。

摩根大通将英特尔的股票评级从“减持”上调至“中性”后，英特尔股价上涨了4.5%。摩根大通表示，人工智能代理工作负载的增加和先进芯片供应紧张可能会支撑英特尔到2027年的盈利预期上调。

英伟达股价上涨 1.5%，AMD 股价上涨 3.6%，博通股价上涨 2.4%，此前这三家公司上周均大幅下跌。

存储芯片制造商美光科技(Micron Technology)股价上涨4.2%，此前一周该股下跌近15%。数据存储公司闪迪(SanDisk)、西部数据(Western Digital)和希捷(Seagate)在上周大幅下跌后，本周股价均​​有所回升。

大型科技公司和超大规模企业的盈利情况可能是今年早些时候推动华尔街股市创下历史新高的AI交易的下一个考验，因为投资者正在寻找盈利增长能够抵消对估值、债务和利率的担忧的证据。

Facebook 的母公司 Meta Platforms 以及埃隆·马斯克领导的特斯拉和 SpaceX 将于本周晚些时候公布业绩。

半导体公司 Lam Research、德州仪器和西部数据也将公布季度业绩。

Freedom Capital Markets 的首席市场策略师 Jay Woods 表示：“本季度的问题不是人工智能是否会继续增长，而是投资者是否仍然愿意为这种增长支付溢价。”