Investors buy tech stocks on Monday despite AI downturn fears
Futures point to a modest rebound in technology shares on Monday after the Nasdaq fell 4.5% last week when the AI boom cracked. Dan Ives, partner at Yorkville Ives, called the "white‑knuckle drawdown" a golden buying opportunity, while BTIG warned that "where there is smoke, there is fire" and urged investors to stay cautious.
Key points
- Nasdaq fell 4.5% last week as AI boom cracked, but futures point to a modest rebound on Monday.
- Dan Ives calls the drawdown a "golden buying opportunity" while BTIG warns investors to stay cautious.
- CoreWeave and Nebius each dropped about 25% last week, and the VIX hit its highest level since June.
CoreWeave and Nebius are each opening higher by about 3%, but both remain down roughly 25% from the previous week’s losses. The Cboe Volatility Index hit its highest level since June, signalling growing fear of a broader correction. Meanwhile, 85% of S&P 500 companies that have reported so far have beaten expectations, and mixed global cues – such as China’s better‑than‑expected Q3 GDP and a dip in oil prices after Russian sanctions talk – are adding to market uncertainty.
Investors are buying on Monday despite fear the AI trade nightmare scenario is far from over
CNBC Technology · 19 October 2026
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