Monday, 19 October 2026
- Nasdaq up 1.2% as tech stocks recover ground but gains fade from morning highs
The Nasdaq Composite was up 1.17% at 26,446 in afternoon trading on Monday, holding onto a meaningful chunk of the morning's recovery from last week's 4.48%…
- Tolan raises $30m for the AI companion app that ignores Silicon Valley and targets everyone else
Tolan, a San Francisco startup building AI companions aimed at everyday users rather than tech professionals, has raised $30 million in new funding from Union…
- Huang says AI labs are quarter of Nvidia's compute demand, Goldman upgrades CoreWeave, lifting peers, Nvidia, Google, Microsoft - Big Tech Report Update
Nvidia CEO Jensen Huang used an appearance on the BG2 podcast on 15 October to push back on concerns that the company's fortunes hinge on a handful of AI labs.
- AI assistant startup Town hits unicorn status four months after launch after raising $108m
Town, a San Francisco startup building AI assistants for businesses, has reached a unicorn valuation after closing a $108 million Series B funding round just…
- Apple hovers just below $5 trillion as touchscreen MacBook is teased
Apple (AAPL) was among the few major technology stocks to sit out Monday's recovery rally, hovering just below the $5 trillion market capitalisation mark as…
- Can new Anthropic AI model read your mind? Arms race continues as Claude owner nears IPO
Anthropic is developing a new artificial intelligence model that can infer a user's underlying goals from minimal instructions, going beyond what is asked to…
- DeepSeek banned from US federal systems as Washington moves to shut Chinese AI out of government networks
The United States Department of Homeland Security has ordered federal civilian agencies to remove all technology developed by China's DeepSeek from their IT…
- Goldman Upgrades CoreWeave to Buy, Lifting Peers, Samsung taps TSMC to build Nvidia memory die, AMD, ARM, Nvidia - Big Tech Report
Goldman Sachs upgraded CoreWeave to Buy from Neutral, reversing course after a selloff last week in which rising yields on the company's bonds stoked concern…
- SpaceX stock rides the tech recovery as Europe's satellite challenge fails to dent investor confidence
SpaceX (SPCX) shares are moving higher Monday as technology stocks bounce from last week's steep selloff, with investors largely unmoved by a report that four…
- Meta, Tesla and SpaceX earnings this week could be make-or-break moment for the AI trade
Three companies sit at the centre of the AI investment thesis, and all three report earnings this week.
- Nvidia, AMD and Micron surge as semiconductor index jumps 3%. So, was last week's selloff was overdone
If you want to know where the AI hardware cycle is heading, watch the Philadelphia Semiconductor Index (SOX) before you watch anything else.