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October sees broader market gains as Big Tech and AI stocks falter after September rally

Market News
28 Oct 2026, 00:28 WIB
Market Watch
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Neutral
October sees broader market gains as Big Tech and AI stocks falter after September rally

In October, the U.S. stock market experienced a notable shift as the strong performance of Big Tech and AI-related stocks in September slowed down. The Nasdaq Composite dropped 1.4% for the month, with semiconductor stocks, a key part of the AI trade, facing significant declines. Meanwhile, shares in struggling software companies and more stable sectors like consumer staples and healthcare saw some recovery. This shift highlights a rotation in investor focus from high-growth tech stocks to more defensive sectors.

Big Tech stocks saw a shift in market dynamics in October. For readers following Technology-sector US stocks, here is Pluang's market snapshot as of Oct 28, 2026 04:01 WIB: out of 150 stocks, 80 rose and 70 fell. Notable movers include STM at USD 48.47 with a 7.26% increase, SMCI at USD 35.00 up 7.07%, and DOCN at USD 106.50 rising 7.00%.

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