Wall Street rebounds as AI boom lifts Nvidia and tech stocks
Global financial markets saw a dramatic rebound on Monday, October 26, 2026, as US tech stocks rallied sharply following AI firm Anthropic's IPO filing, which reignited investor enthusiasm for artificial intelligence investments. Anthropic reported a 1304% revenue surge to $16.29 billion in the first half of the year, boosting chip stocks including Nvidia, Micron, and Broadcom. Oil prices fell on Middle East diplomatic efforts, while gold reclaimed $4,000 and Bitcoin struggled near $80,000. This week, 163 S&P 500 companies report earnings, with Microsoft, Amazon, and Alphabet under scrutiny. The Federal Reserve's Wednesday rate decision and November 3 midterm elections add uncertainty, testing whether the AI-driven rebound can sustain momentum.