Stock Market Today: Nasdaq 100 Rises as AI Chip Rout Reverses, SanDisk Jumps 7%

Stock Market Midday, Oct. 19: Tech Stocks Rebound as AI Confidence Returns

Tech stocks rebounded on October 19, 2026, with the Nasdaq Composite climbing 1.67% as semiconductor and cloud infrastructure stocks recovered from the previous week's sell-off. Chip stocks like SanDisk and Micron Technology led gains amid renewed AI confidence, while real estate stocks declined as homebuilder confidence hit a 14-year low. Investors await earnings from Meta, SpaceX, and Tesla to gauge strength in the AI and tech sectors.

Waymo Is Bringing Robotaxis to Canada in 2028 — Toronto’s Winter Weather Will Put Them to the Test

Waymo plans to launch its autonomous ride-hailing service in Toronto in 2028, beginning with mapping and testing before welcoming passengers.

Amazon.com shares are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $335 to $350. The company announced a partnership with X-Energy and American Electric Power to bring a SMR project to Indiana.

Shares of AI cloud services companies are trading higher as the sector rebounds from recent weakness after Goldman Sachs upgraded CoreWeave, easing concerns about AI infrastructure.

Why Is Applied Digital Stock Surging on Monday?

Applied Digital (NASDAQ: APLD) stock rises Monday after Friday’s chip sell-off. See the market context, analyst ratings and consensus price forecast.

Silence Therapeutics, Disc Medicine, Veradermics And Other Big Stocks Moving Higher On Monday

U.S. stocks mixed as Dow fell ~100 points; Silence Therapeutics surged 125.7% on Merck KGaA buyout, while biotech and tech shares gained.