newsfilter
← Interviews
Bloomberg Television11 min

Stocks Slide as AI Trade Roars Back | Closing Bell

Romaine Bostick, Vonnie Quinn, Carol Massar, Tim Stenovec

Interview, Conference Presentation, Fireside Chat

Broad market indices advanced with the Nasdaq Composite rising 1.6% and the Philadelphia Semiconductor Index surging 5.6%, driven by renewed momentum in the artificial intelligence sector. CoreWeave led technology gains with a 25% jump following a massive backlog report, while Bloom Energy climbed 13% on expectations for fuel cell demand in data centers. In contrast, the housing sector declined as rising yield expectations pressured homebuilder stocks, and Microsoft fell 2.3% despite the broader rally.