AI Stocks rebound again, with falling oil prices providing support
2026-09-19 02:56:23
According to CoinMeta, as oil prices fell, AI stocks rebounded again, and chip manufacturers such as Nvidia and Broadcom resumed their upward trend after experiencing fluctuations. On Thursday, the stock prices of Nvidia and Broadcom both rose by more than 2%, while AMD, Micron, Arm, and Marvell saw even larger increases. The semiconductor ETF also saw a significant rise. This rebound occurred as crude oil prices approached $101 per barrel and the yield on 10-year Treasury bonds dropped to 4.93%. Reuters noted that AI stocks faced significant pressure a few days ago, as executives called for a slowdown in the development of advanced models, raising concerns about whether infrastructure spending would cool down. Nvidia CEO Jensen Huang stated that he expects the number of chips sold next year to be double that of this year, indicating that short-term demand for AI infrastructure remains strong. Broadcom's AI semiconductor revenue surged by 221% year-on-year to $16.7 billion, and is expected to reach $115 billion by the fiscal year 2027.
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Source:Coinpaper
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