{
  "id": 16222291,
  "title": "After previous day's slump, trading is quieter among AI shares",
  "url": "https://urgent.news/2026/10/23/after-previous-days-slump-trading-is-quieter-among-ai-shares-16222291",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-23T19:33:58.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/after-previous-days-slump-trading-quieter-among-ai-shares-6487931"
  },
  "original_language": "en",
  "account": "After a previous day's slump, trading remained relatively quiet in AI stocks on Friday, a day following the Nasdaq Composite Index's biggest decline in four months, providing investors with a temporary respite as they await further information on Anthropic's upcoming IPO and additional earnings releases over the following week. Meta Platforms, the focal point of Thursday's turmoil, saw a slight decrease following Thursday's 7% drop. The operator of social media platforms and a significant AI investor announced plans to issue new share classes to raise funds for more capital expenditures, indicating that the upcoming phase of AI expansion will likely be financially demanding for shareholders. Other prominent AI companies experienced mixed results on Friday, including SpaceX, Oracle, and Dell Technologies, which gained 1% to 2%, while Nvidia, Alphabet, and Amazon experienced minor declines below 1%. Large semiconductor companies generally fared better after their most substantial decline since the summer on Thursday. Credit default swaps tracking the perceived risk of default among the major AI companies were mostly modestly lower, with Meta's five-year CDS spread trading 0.3% narrower at 123, according to LSEG data. These contracts enable investors to speculate on default or hedge positions, often changing hands for both hedging and near-term market bet purposes. Rick Meckler, a partner at Cherry Lane Investments, noted that the market was essentially \"treading water\" amid a prolonged period of uncertainty, with sell-offs consistently being met by buyers and upward movements met by sellers. The Nasdaq remained relatively unchanged on Friday afternoon. Concerns surrounding AI spending and investment returns have contributed to heightened market volatility, particularly as Treasury yields surged in August, affecting the economics of investing and bond issuance due to the growing appeal of higher risk-free rates. Art Hogan, chief market strategist at B Riley Wealth, expressed concern that sustained high inflation, especially driven by unsustainable energy prices, could eventually impact corporate earnings. Investors are positioning themselves in anticipation of such potential changes. Smaller AI-related companies, known as \"neoclouds,\" have faced challenges, with their performance raising speculation about scarce capital and potential funding issues, which could exacerbate costs and further fuel market volatility. Despite these concerns, many investors maintain a positive outlook on the AI sector, anticipating the publication of Anthropic's IPO prospectus and upcoming earnings reports from Alphabet, Amazon, and Microsoft. Overall, AI-related news continues to be strong, driven by strong revenue growth, but the market remains uncertain about the cost and sustainability of this growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "After previous day’s slump, trading is quieter among AI shares",
        "url": "https://urgent.news/2026/10/23/after-previous-days-slump-trading-is-quieter-among-ai-shares",
        "published": "2026-10-23T19:36:19.000Z"
      }
    ]
  },
  "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."
}