'Just another scare': Wall Street sees the AI trade strong despite tech's latest rout - Yahoo Finance
Wall Street analysts remain optimistic about the AI sector despite recent market volatility and tech stock sell-offs. Experts suggest that the current dip is a temporary correction rather than a fundamental shift in the AI trade.
Why it matters
The AI sector is a primary driver of current market performance; understanding investor sentiment helps gauge broader economic stability.
'Just another scare': Wall Street sees the AI trade strong despite tech's latest rout Ines Ferré · Senior Business Reporter Mon, October 19, 2026 at 4:23 PM GMT+8 2 min read CRWV -0.44% NVDA +1.38% XLK +1.36% ^GSPC +0.41% ^IXIC +1.11% Technology ( XLK ) took a hit this week as financing concerns mounted, dragging down key AI trade players and sending the S&P 500 ( ^GSPC ) and Nasdaq ( ^IXIC ) into negative territory for the week.
CoreWeave ( CRWV ) and peer Nebius ( NBIS ) both closed out the week down more than 25%. Those companies along with Oracle ( ORCL ) are "probably at the bottom" of tech on free cash flow, noted Baird tech strategist Ted Mortonson on Yahoo Finance last week.
CoreWeave rose 1%, Nebius 3% and Oracle 1% in premarket trading on Monday.
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