{"id":440284,"date":"2026-10-17T01:40:16","date_gmt":"2026-10-16T18:40:16","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/ai-names-fall-as-the-nasdaq-comes-under-fresh-pressure-440284\/"},"modified":"2026-10-17T01:40:16","modified_gmt":"2026-10-16T18:40:16","slug":"ai-names-fall-as-the-nasdaq-comes-under-fresh-pressure","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/ai-names-fall-as-the-nasdaq-comes-under-fresh-pressure-440284\/","title":{"rendered":"AI names fall as the Nasdaq comes under fresh pressure"},"content":{"rendered":"<div>\n<p>The pressure is back on tech stocks today, led by CoreWeave once again.<\/p>\n<p>The market continues to smell a rat in the neocloud space and it&#8217;s being joined by some of the cybersecurity names and other AI winners.\u00a0<\/p>\n<p>CoreWeave is at\u00a0the center of the selloff, with its unsecured bonds yielding about 15%. Late yesterday, sentiment soured again after Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-10-15\/coreweave-founders-shield-fortunes-with-3-3-billion-stock-sales\" rel=\"follow\">highlighted <\/a>that\u00a0the founders have sold $3.3B of stock since last year&#8217;s IPO, including $2.4 billion this year.<\/p>\n<p>Shares of CRWV are down more than 11% today, nearly wiping out yesterday&#8217;s big bounce.<\/p>\n<\/p>\n<p>Other big losers on the day:<\/p>\n<\/p>\n<ul>\n<li>Nebius (NBIS): \u221211.1%  sold alongside CRWV despite funding itself mostly with equity and converts.<\/li>\n<li>CrowdStrike (CRWD): \u22127.8% . I don&#8217;t see a catalyst for the cyber-security drop but it&#8217;s been a crowded trade.<\/li>\n<li>Super Micro (SMCI): \u22127.8%, still digesting Barclays\u2019 downgrades of HPE and Dell over memory-inflated hardware revenue.<\/li>\n<li>Palo Alto Networks (PANW): \u22127.6% at $341.98, with the same caveat as CRWD.<\/li>\n<li>Datadog (DDOG): \u22128.1% at $248.98.<\/li>\n<li>DigitalOcean (DOCN): \u221212.2%. This one is falling fast.<\/li>\n<li>IREN (IREN): \u221210.0%. It&#8217;s down to $27 from $50 on Sept 23.<\/li>\n<li>Palantir (PLTR): about \u22127.6% after opening higher. Another momentum name that&#8217;s flagging<\/li>\n<\/ul>\n<p>Looking at some of the bigger names, it&#8217;s not much better:<\/p>\n<ul>\n<li>AMD -4.8%<\/li>\n<li>Micron (MU) -4.7%<\/li>\n<li>GOOG -2.0%<\/li>\n<li>META -3.4% ahead of next week&#8217;s earnings report<\/li>\n<li>TSLA -2.7% after rising as much as 5% in the pre-market because the demo was a toy not a business<\/li>\n<li>Broadcom (AVGO) -3.5%<\/li>\n<li>MSFT -2.5%<\/li>\n<\/ul>\n<p>Overall, the Nasdaq Composite is now down 1.9% and it&#8217;s not getting much help from oil, which is near the highs of the day and up 2.7%. I think the market may be underestimating the chance of a rate hike at the end of the month. The data keeps coming in hot and this week&#8217;s inflation numbers were problematic.<\/p>\n<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The pressure is back on tech stocks today, led by CoreWeave once again. The market continues to smell a rat in the neocloud space and it&#8217;s being joined by some of the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440284","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440284"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}