AI stocks rebound as CoreWeave gains 3.4% on Goldman upgrade

US artificial intelligence-linked stocks recovered on Monday, October 19, with CoreWeave rising 3.4% after Goldman Sachs upgraded the cloud computing company to buy from neutral. Economic Times Markets, citing Reuters, reported that lower Treasury yields and softer crude prices helped ease pressure after last week’s selloff. CoreWeave had lost more than a quarter of its value the previous week amid concerns over its $50 billion debt load.

Goldman Sachs said constrained computing capacity and CoreWeave’s performance advantage over rival specialist cloud providers could lift annual recurring revenue per megawatt over the next two years. Semiconductor shares also rallied: the Philadelphia Semiconductor Index gained 2.8% after falling more than 11% last week. Intel climbed 5.6% following a J.P. Morgan upgrade to neutral from underweight, while Nvidia rose 0.6%, AMD gained 4.3% and Broadcom advanced 2.2%.

Investors are now watching upcoming technology earnings for evidence that growth can support valuations and sustained AI investment despite debt and interest-rate concerns. Last week’s inflation reading had increased expectations of future Federal Reserve rate increases, adding to worries about borrowing costs for heavily indebted AI businesses. The price moves are a source-reported intraday snapshot, not closing figures or a live market service.