AI Stocks Surge as U.S. Senate Votes to Reopen Government
Investors returned to artificial intelligence stocks yesterday, coinciding with a U.S. Senate vote on a deal to end the recent government shutdown.
Shares of Nvidia increased by 5.8%, Broadcom rose 2.6%, and Microsoft gained 1.9%, breaking its eight-day losing streak – the longest such decline since 2011. The potential end to the government shutdown, pending House approval and President Donald Trump’s signature (which he has already indicated he will give), removes a significant source of economic uncertainty. CoreWeave, a company that rents Nvidia graphics cards to AI firms like Google and Microsoft, reported a 134% year-over-year revenue increase in its third-quarter earnings, but also posted a net loss and provided lower-than-expected guidance for the current year.
This pattern of high revenue alongside substantial losses mirrors that of OpenAI, though direct comparisons between the two companies are limited. Mark Haefele, CIO of UBS’s global wealth management, believes “AI-related stocks should drive equity markets,” suggesting continued investor confidence in the sector despite valuation concerns. The increasing demand for rare earth minerals, crucial for AI hardware production, is also impacting global markets; learn more about rare earth element supply chains from the International Energy Agency.
Separately, Russian President Vladimir Putin last week directed officials to develop a roadmap by December 1 for the long-term development of rare earth metal extraction and production. Russia holds an estimated 3.8 million tonnes of rare earth reserves, according to the United States Geological Survey, placing it fifth globally – exceeding the reserves held by the United States. This move signals Russia’s intent to become a more significant player in the critical minerals market, potentially reshaping global supply dynamics. You can find more information on rare earth element statistics from the USGS.
Lawmakers are now awaiting a vote in the House, and the President is expected to sign the bill into law shortly thereafter.
Jakub Porzycki | Nurphoto | Getty Images
Investors piled back into artificial intelligence names on Monday stateside. Shares of Nvidia jumped 5.8%, Broadcom advanced 2.6% and Microsoft climbed 1.9% to end its eight-day losing streak, its longest consecutive decline since 2011.
Market watchers are hoping that another historically long streak — the U.S. government shutdown — could soon be snapped as well. As of this newsletter’s publication time, lawmakers in the U.S. Senate are voting on a deal to reopen the government, though it still has to pass through the House and then signed into law by President Donald Trump (who has already given it his approval).
That’s not to say worries about AI’s high valuations have gone away completely.
CoreWeave on Monday reported its third-quarter earnings. It rents out Nvidia cards to AI-related firms, such as Google and Microsoft, a business model that ties it intimately to the AI trade. The company’s revenue swelled 134% year on year, but it still reported a net loss and gave lower-than-expected guidance for this year.
The general shape of those figures — high revenue and high losses — broadly reminds one of OpenAI, the industry-leading, money-bleeding startup that kickstarted the AI frenzy. Though it would of course be a stretch to equate the two companies and the factors driving their finances.
Still, Mark Haefele, CIO of UBS’s global wealth management, thinks “AI-related stocks should drive equity markets.” With the U.S. government shutdown in sight to end (hopefully this doesn’t jinx it), that’s another obstacle surpassed for markets.
What you need to know today
And finally…
Russian President Vladimir Putin on October 15, 2025.
Alexander Zemlianichenko | Afp | Getty Images
Russia is late to the party, but it’s still preparing to enter the rare earths fray
Russian President Vladimir Putin last week ordered his officials to complete a road map by Dec.1 “for the long-term development of the extraction and production of rare and rare earth metals.”
Moscow has fallen behind peers like China when it comes to the exploitation of its deposits of rare earth elements. While lagging behind the big players, Russia is still estimated to possess the fifth largest known reserves of rare earths, totaling 3.8 million tonnes, the United States Geological Survey stated. That’s above the U.S. which is seen with 1.9 million tonnes.
— Holly Ellyatt
