Nasdaq Recovers as Jensen Huang Defends CoreWeave Debt
The Nasdaq recovered from AI-driven profit-taking after Jensen Huang defended CoreWeave's fundamentals, despite rising inflation concerns and cautious long-term planning from TSMC.
The Nasdaq recovered on October 15, 2026, following a period of profit-taking by AI investors. This rebound was supported by Jensen Huang, who publicly defended the debt load and improving fundamentals of CoreWeave, helping the stock recover from a 15% decline.
Broader market activity indicated a rotation cycle as investors shifted positions into safe havens. This shift occurred as stronger-than-expected retail sales and Producer Price Index data increased inflation concerns, raising the probability that the Federal Reserve will implement a 25 basis point interest rate hike in December.
In the semiconductor industry, TSMC reported a 69% year-over-year profit surge driven by robust demand. Despite these gains, the company is planning prudently for 2027, citing rising component prices and macroeconomic uncertainties.
