{
  "id": 15562473,
  "title": "These tech stocks held up during the early-Oct AI selloff",
  "url": "https://urgent.news/2026/10/19/these-tech-stocks-held-up-during-the-early-oct-ai-selloff",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-19T04:46:46.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/these-tech-stocks-held-up-during-the-earlyoct-ai-selloff-93CH-4956327"
  },
  "original_language": "en",
  "account": "During the early October AI selloff, certain technology stocks managed to hold their ground, while others experienced significant declines. The market-wide AI rout, which took place from October 13 to October 16, primarily affected chipmakers and AI infrastructure debt, leading to a massive loss of trillions of dollars in global market valuations.\n\nThe PHLX Semiconductor index witnessed its longest losing streak since 2008, triggered by financing concerns surrounding CoreWeave (CRWV), a company burdened with approximately $50 billion in debt. CoreWeave's stock price plummeted by around 25% during that week. Additional pressure came from heightened U.S. inflation data and China's progress in memory technology (Read more on October 17, 2026).\n\nDespite the AI sector's sharp decline, U.S. technology-sector stocks with market capitalizations above $10 billion were screened and ranked by their 2-week returns. These stocks were then cross-checked against the holdings of AI ETFs, such as the Global X AI & Tech ETF (AIQ) and iShares A.I. Innovation and Tech Active ETF (BAI), as well as AI-adjacent software and services companies. The resilience observed in the market was attributed to companies that provide AI services to customers, including consulting, enterprise software, and services, rather than those directly involved in building AI technologies.\n\nThe data-driven bull case suggests that rate and financing worries do not impact the demand for software and services related to AI. Conversely, the bear case posits that several of these names are rebounding from deep drawdowns, indicating that the current situation might be a short-term bounce rather than a sustainable strength. Upcoming catalysts include the Federal Reserve's meeting on October 27-28 and the release of Q3 earnings from major tech companies, where investors seek evidence that AI investments generate earnings (Read more on October 16, 2026).",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}