StocksMedium•16 October 2026•
1 min read
Wall Street Records Worst Week Since June as AI Stocks Slump
Key Facts
1Wall Street recorded its worst weekly performance since June as a rout swept through AI-related stocks.
2The sell-off impacted major entities including Alphabet and CoreWeave alongside tumbling Treasury yields.
Wall Street recorded its worst weekly performance since June as a rout swept through AI-related stocks. The Wall Street Journal reported that the sell-off impacted major entities including Alphabet and CoreWeave, occurring alongside tumbling Treasury yields and emerging credit fears in the semiconductor sector.
Alphabet (GOOGL) closed at $341.38 on October 16, 2026, having reached a day high of $350.66. CoreWeave (CRWV) closed at $69.69 on October 15, 2026, while other tech peers also faced pressure, with Microsoft (MSFT) closing at $525.57 and Meta closing at $712.91 on October 16, 2026.