Nasdaq 100 Climbs on AI Trade Revival After Rout: Markets Wrap

(Bloomberg) — A rally in giant chipmakers buoyed the stock market as dip buyers emerged on bets the artificial-intelligence investment boom will continue to support solid earnings.

Following a rout in one of the most-crowded bets, a gauge of chip giants climbed 2.9%. The Nasdaq 100 added 1.3%. CoreWeave Inc. jumped 4% as Goldman Sachs Group Inc. recommended buying the shares after a recent plunge. This week’s earnings from Meta Platforms Inc. will provide a fresh proving ground for confidence in the AI trade. Tesla Inc. is also due to report.

Bitcoin briefly topped $83,000. Oil fell from a five-month high after a blistering rally fueled by a flare-up in fighting across the Middle East. But the move wasn’t enough to bring much relief to the fixed-income market, with French bonds getting hit after a weekend of violent unrest.

Investors should prepare to add risk to their portfolios as a months-long pullback in parts of the equity market nears an end, according to Morgan Stanley’s Michael Wilson.

“We advise investors to be ready for either a very rapid reconciliation or a slower bleed into November because in our view, that will be the time to add risk rather than shun it,” Wilson wrote.

Corporate Highlights:

Elon Musk pledged to distribute a share of SpaceX to each American child next year. “This will be the first of many,” the company’s chief executive officer wrote on X, the social-media platform he owns. Intel Corp. was upgraded to neutral at JPMorgan Chase & Co., which noted the chipmaker’s turnaround might take years, but the management’s execution has been solid. Anthropic PBC said it plans to put 5% of its shares into a new so-called public benefit fund that allows it to make donations that can address “the public good,” including mitigating AI’s impact on the job market. American Electric Power Co. is working with Amazon.com Inc. to evaluate plans for a 960-megawatt nuclear plant in Indiana using a new reactor design, a project that would rely on unproven technology while potentially advancing efforts to promote next-generation fission. Microsoft Corp. has pulled out of a UK data center deal with Nscale, the British neocloud firm said, marking a setback for the startup’s initial public offering hopes. Some of the main moves in markets:

Stocks

The S&P 500 rose 0.5% as of 9:33 a.m. New York time The Nasdaq 100 rose 1.3% The Dow Jones Industrial Average was little changed The Stoxx Europe 600 fell 1.1% The MSCI World Index rose 0.2% Currencies

The Bloomberg Dollar Spot Index was little changed The euro fell 0.1% to $1.1226 The British pound was little changed at $1.3328 The Japanese yen fell 0.2% to 158.28 per dollar Cryptocurrencies

Bitcoin rose 1.9% to $82,386.78 Ether rose 3% to $2,417.72 Bonds

The yield on 10-year Treasuries advanced three basis points to 5.10% Germany’s 10-year yield advanced one basis point to 3.44% Britain’s 10-year yield advanced three basis points to 5.40% Commodities

West Texas Intermediate crude fell 1.1% to $100.26 a barrel Spot gold was little changed ©2026 Bloomberg L.P.