Nasdaq Gains 1.18% as Chip and AI Stocks Rebound

The Nasdaq led US market gains during trading on Monday, October 19, 2026, as chip and AI-related shares recovered after the recent selloff. Sector divergence nevertheless left questions over the breadth of the rebound.

Intraday market snapshot

At 2:08 p.m. New York time, Reuters reported the Nasdaq Composite up 1.18% at 26,447.86, the S&P 500 up 0.53% at 7,700.54 and the Dow up 0.03% at 52,015.42. These are intraday readings, not closing levels.

Chip recovery and uneven participation

The Philadelphia Semiconductor Index rose about 2%, on course to end eight consecutive declines, its longest losing run since October 2008. Seven of the S&P 500’s eleven major sectors were lower, while technology and consumer discretionary led gains.

Market News analysis: index strength alone does not establish a broad recovery. Participation across stocks and sectors, together with trading volume, helps distinguish a concentrated bounce from a more durable change.

Individual stock moves

Amazon (AMZN) gained 4.8% after Morgan Stanley named it a top pick, while Tesla (TSLA) rose 3.7%. Intel (INTC) added nearly 3% following a J.P. Morgan upgrade to neutral from underweight. Cleveland-Cliffs (CLF) jumped about 16% after beating quarterly profit expectations.

CoreWeave (CRWV) was down more than 1.5%, surrendering earlier gains despite a Goldman Sachs upgrade to buy, following a drop of more than 25% the previous week. These moves reflect the report’s snapshot and may change.

Earnings and financing remain the test

Investors await SpaceX on Tuesday and Meta and Tesla on Wednesday. Revenue, margins, cash flow and capital spending will help assess the funding of further expansion.

A rebound does not establish that financing risks have disappeared. Follow the US market section on Market News for coverage connecting stock performance with earnings and bond yields.

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