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Tech Stocks Surge as AI Investments Pay Off
· Confirmed
In Short: Jio Platforms, backed by Meta and Google, saw its stock surge 21% in its debut on the Indian stock market, raising $3.2 billion in India's largest and most subscribed IPO.
Tech stocks are surging as investors regain confidence in the artificial intelligence (AI) sector following a period of volatility.
Nvidia, a leading AI technology company, announced a record $150 billion buyback plan, signaling the durability of the AI boom that has propelled the company to a $3 trillion valuation.
The Nasdaq Composite, which had fallen 308.24 points or 1.13% to 26,936.04 on Wednesday, surged after setting a record close of 27,244.28 on Tuesday, buoyed by continued enthusiasm for AI infrastructure stocks and Meta Platforms' Muse AI agent.
Meta Platforms saw its shares drop 7% after concerns over the costs of AI infrastructure spooked the market, but the company's AI investments are now injecting life back into the tech trade.
Seashine New Materials, a high-tech enterprise specializing in powder metallurgy products, saw its stock surge more than 12%, while Zhejiang Rongtai and EFORT gained over 6%.
The surge in tech stocks is also being driven by the flattening of the UK yield curve and the recovery of long-end yields, largely due to the recent surge in energy prices.
Investors are now focused on how mega-cap tech stocks are monetizing their AI investments, with the NASDAQ falling 2.6% on Tuesday, its largest one-day decline since June.
The MSCI Asia Pacific Index fell 1.4% after the S&P 500 Index slipped 0.5%, as Asian stocks and bonds fell following a surge in oil prices and the latest inflation data.
The International Energy Agency has not yet asked Germany to release its emergency stocks, but the US has asked the European Union to release 120 million barrels of diesel over the next six months.
French President Emmanuel Macron said ministers from some of the world’s largest economies had agreed to release stocks from their strategic oil reserves after crisis talks.
The AI trade is back in focus after SK Hynix shares jumped more than 10%, following the company's report of record revenues for the last quarter and its prediction of sold-out memory chips through 2029.
What this adds
The surge in tech stocks is partly due to the flattening of the UK yield curve and the recovery of long-end yields, largely driven by the recent surge in energy prices.
Background
US stocks fell on Wednesday, with the Nasdaq Composite dropping over 2% amid concerns over the costs of artificial intelligence infrastructure.
What's confirmed
- Tech stocks are surging as investors regain confidence in the artificial intelligence (AI) sector following a period of volatility.
- Nvidia, a leading AI technology company, announced a record $150 billion buyback plan, signaling the durability of the AI boom that has propelled the company to a $3 trillion valuation.
- The Nasdaq Composite, which had fallen 308.24 points or 1.13% to 26,936.04 on Wednesday, surged after setting a record close of 27,244.28 on Tuesday, buoyed by continued enthusiasm for AI infrastructure stocks and Meta Platforms' Muse AI agent.
- Meta Platforms saw its shares drop 7% after concerns over the costs of AI infrastructure spooked the market, but the company's AI investments are now injecting life back into the tech trade.
- Seashine New Materials, a high-tech enterprise specializing in powder metallurgy products, saw its stock surge more than 12%, while Zhejiang Rongtai and EFORT gained over 6%.
- The surge in tech stocks is also being driven by the flattening of the UK yield curve and the recovery of long-end yields, largely due to the recent surge in energy prices.
- Investors are now focused on how mega-cap tech stocks are monetizing their AI investments, with the NASDAQ falling 2.6% on Tuesday, its largest one-day decline since June.
- The MSCI Asia Pacific Index fell 1.4% after the S&P 500 Index slipped 0.5%, as Asian stocks and bonds fell following a surge in oil prices and the latest inflation data.
- The International Energy Agency has not yet asked Germany to release its emergency stocks, but the US has asked the European Union to release 120 million barrels of diesel over the next six months.
- French President Emmanuel Macron said ministers from some of the world’s largest economies had agreed to release stocks from their strategic oil reserves after crisis talks.
- The AI trade is back in focus after SK Hynix shares jumped more than 10%, following the company's report of record revenues for the last quarter and its prediction of sold-out memory chips through 2029.
What's still developing
- In the lead up to the budget, global stocks are rallying led by tech and the oil price is higher by more than 1% and Brent crude is back above $111 per barrel.
- For now, futures markets are pricing a higher open for the large cap US tech index today, and a return above this level.
- And what's going on is it highlighted building concerns that - about the amount of debt that the hyperscalers and other tech companies are raising to make these big bets on AI.
- Jio Platforms, billionaire Mukesh Ambani’s Indian telecom and digital services unit backed by Meta and Google, surged 21% in its stock market debut on Wednesday after raising $3.2 billion in India’s largest and most subscribed IPO, which attracted more than $77 billion in investor bids.
- “Yields and oil probably need to come down in order for stocks to work,” said Stephanie Roth, chief economist at Wolfe Research.
- FOX Business financial analyst Mike Murphy discusses Meta's stock surge after announcing their launch of Muse AI.
- Gasgoo Munich- Humanoid robot stocks have been gaining momentum recently.
- Authors/presenters may own the stocks they discuss.
- Nvidia Unveils Record $150B Buyback as Stock Surges Jim Cramer says Nvidia's massive buyback could reshape stock trajectory amid AI boom PUBLISHED: Mon, Sep 28, 2026, 5:38 PM UTC | UPDATED: Mon, Sep 28, 2026, 5:38 PM UTC Nvidia just dropped a bombshell that's sending shockwaves through Wall Street.
- A broad risk-on wave is lifting robotics stocks Monday morning, but one battered delivery robot name is stealing the spotlight ahead of a high-stakes earnings call that could make or break its recovery narrative.
- Aeva Technologies ( NASDAQ:AEVA ) shares are up 4% to $18.26, and Vishay Precision Group ( NYSE:VPG ) stock is unchanged/flat at $92.55.
- Trump said in a post on his Truth Social platform that Europe had “agreed to release a massive amount of their heavily stocked Diesel Oil” and that the process would start “immediately”.