Following last week's sharp sell-off in AI stocks amid the CoreWeave shock, attention this week is focused on a potential rebound in AI stocks ahead of Meta Platforms' earnings. The key question is whether the earnings report will indicate a policy of continued AI investment.
Last week, AI-related stocks were heavily sold on concerns over CoreWeave's creditworthiness. The Nasdaq Composite fell 4.48%, the SOX Index declined for 8 consecutive trading days, and CoreWeave shares fell approximately 25% over the week. The company's high leverage and the risk of default in the CDS market were also topics of discussion.
Meanwhile, resource stocks and non-AI stocks remained firm, with the Dow Jones Industrial Average rising 0.67% for the week. Notable moves included gains of 6.1% for Chevron, 6.7% for Walmart and 5.6% for Travelers.
Several companies, including META, are scheduled to report earnings this week, and attention is also focused on earnings announcements from stocks such as Blackstone, which provides funding for AI-related investments. The possibility that META will signal its intention to continue making massive investments in 2027, as well as the potential for positive factors related to AI tools to be reassessed, are among the points of focus.
The US 10-year Treasury yield fell below 5% in the market, while expectations that prices will continue to rise have also emerged. Depending on developments in the Middle East, there is a view that stock prices outside the resource sector could also be affected.