US AI-linked stocks rebound after punishing selloff last week
Mon 12:09
BUZZ-US AI-linked stocks rebound after punishing selloff last week ** US AI-linked stocks rebound premarket after sharp losses on Friday
** Investors should stick with AI theme despite near-term swings as it remains a positive driver of returns in 2027, says UBS Global Wealth Management CIO Mark Haefele
SEMICONDUCTORS ** Nvidia NVDA.O rises 1.43% and AMD AMD.O adds 1.62% ** Micron MU.O up 2.39% and Sandisk SNDK.O advances 2.33% ** Broadcom AVGO.O gains 1.14% and Western Digital WDC.O up 2.55% ** Intel INTC.O slips 0.87%, weighed by fallout from last week's weak earnings ** The Philadelphia SE Semiconductor Index .SOX closed at a three-month low on Friday NEOCLOUDS ** CoreWeave CRWV.O gains 3.53%, with peers Nebius NBIS.O and IREN IREN.O adding 2.90% and 3.17%, respectively SERVER MAKERS ** Server makers Dell DELL.K, Super Micro SMCI.O and Hewlett Packard HPE.N gain between 1.47% and 1.96% CYBERSECURITY ** Piper Sandler sees long-term AI opportunities for cybersecurity stocks, while rising threats support sentiment ** Early third-quarter results have yet to show a broad improvement, brokerage adds ** Okta OKTA.O shares gain 2.57%, after S&P Dow Jones says co to join S&P 500 ** CrowdStrike CRWD.O, Fortinet FTNT.O and Zscaler ZS.O gain between 1.56% and 3.39% HYPERSCALERS ** SpaceX SPCX.O up 2.43% as the biggest gainer among Magnificent 7 ** Amazon AMZN.O up 0.81% and Alphabet GOOGL.O up 1.11%, while Oracle ORCL.N up 0.81%
(Reporting by Jayasree Prabhu)