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US chip stocks rebound after a $2 trillion rout, with Nvidia, Intel, AMD and Micron gaining as easing Treasury yields and oil prices support AI shares.
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Moneycontrol•19-10-2026, 18:31
US Chip Stocks Rebound Following Massive Market Rout With Nvidia and Intel Rally
  • •US chip stocks recovered some ground on Monday, bouncing back after a bruising selloff last week that erased about $2 trillion in market value.
  • •Intel shares climbed 4.2% following an upgrade to neutral from J.P.Morgan, citing future positive earnings revisions on agentic AI demand and chip scarcity.
  • •Major semiconductor companies posted strong premarket gains, with Nvidia rising 1.9%, AMD up 3.5%, Broadcom adding 3.5% and Micron Technology increasing 3.6%.
  • •Lower Treasury yields and easing crude oil prices provided vital support to the battered artificial intelligence trade after weeks of consecutive losses.
  • •Investors are now looking ahead to upcoming quarterly earnings reports this week from major firms including Lam Research, Texas Instruments, Western Digital, Meta Platforms, Tesla and SpaceX.
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Key Questions Answered

US chip stocks recovered ground as lower Treasury yields and easing crude oil prices provided much-needed support to the battered artificial intelligence trade.

The Philadelphia chip index dropped for eight straight sessions, wiping out about $2 trillion in market value during the rout.

J.P.Morgan upgraded its rating on Intel to neutral from underweight, citing future positive earnings revisions driven by agentic AI demand and chip scarcity.

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