Wall Street Rebounds as Banking Stocks Surge and AI Chip Demand Lifts Tech Sector

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•  15 Oct 2025
 

•   ADM  
   
  -0.39%
•   ALAB  
   
  -0.66%
•   AMD  
   
  +1.45%
•   APH  
   
  -0.11%
•   ASML  
   
  +0.58%

Trading on Wall Street is showing strong gains as a renewed wave of dip-buying propels the major indices higher. The new earnings season is fostering fresh confidence among investors who believe American corporate resilience will continue supporting the market's upward momentum. The S&P 500 has climbed as much as 1.2% during the session, though some volatility has emerged as traders digest macro data and developments in the trade arena.

Banking stocks are leading the rally following robust reports from Morgan Stanley and Bank of America, while semiconductor shares are gaining momentum on encouraging commentary from ASML regarding demand for artificial intelligence processors. Mark Hackett, research director at Nationwide, notes that investors who take advantage of pullbacks to buy continue driving the market forward, while the American consumer maintains stability. According to him, early data from earnings season suggests concerns about an economic slowdown may be premature.

Meanwhile, yields on long-term U.S. Treasury bonds are declining amid growing demand for safe-haven assets. France has seen a sharp rise in government bonds following fiscal measures by Prime Minister Sébastien Lecornu, while Japan's first bond issuance since the ruling coalition's collapse was met with strong demand. Gold is trading near its all-time high around $4,200 per ounce, continuing to serve as a refuge during this period of heightened uncertainty.

On the monetary front, Federal Reserve Governor Steven Miran has indicated that trade tensions between China and the United States are amplifying economic uncertainty, warranting consideration of more rapid interest rate cuts. However, HSBC analysts emphasize that the fundamentals of the American economy remain strong, and dollar weakness is expected to support equities in the coming quarters.

Dutch equipment manufacturer $ASML is jumping 4.8% after releasing third-quarter results that showed earnings per share exceeding forecasts, though revenue came in slightly below expectations. The company has presented an optimistic outlook, maintaining its growth projection for 2025 and stating that 2026 won't be weaker than the current year despite tariff-related uncertainty.

$INTC is recovering 2% after declining 4.3% the previous day. Earlier in the week, Bank of America downgraded the stock to underperform, arguing that the 78% year-to-date surge was excessive given the company's still-weak financial foundation.

$AMD is continuing its ascent with a 2.9% gain following moderate increases the day before. $ORCL is strengthening 1.4% after a prior decline. The two companies have announced a collaboration on artificial intelligence clusters, which triggered a 19% plunge in $ALAB, though that stock is now recovering with a 4.6% bounce.

$NVDA is rising 2.5% following reports of establishing a massive AI data center in Texas for Microsoft, part of an expanded agreement that will include the use of 200,000 Nvidia chips. Demand for AI chips is outweighing concerns about competition from AMD, with strong test results and a bullish Oppenheimer forecast pushing the leading chip stock higher.

$ADM is gaining 2.7% and $BG is surging 5.8% after President Trump stated his administration is considering limiting deals with China related to cooking oil and other trade components. Trump has characterized China's refusal to purchase American soybeans as an act of economic hostility.

In retail, $WMT is dipping 0.2% after jumping 5% on Tuesday to a record high of $107.21, following an announcement of a partnership with OpenAI that will enable customers to purchase products through a ChatGPT chatbot with instant checkout functionality.

Luxury giant $LVMH has skyrocketed 14% in Paris trading on the back of its first quarterly sales growth this year. Revenue rose 1% to 19.1 billion euros, exceeding forecasts of 18.2 billion. The flagship markets of the United States and Asia excluding Japan grew 3% and 2% respectively.

$APH is jumping 5.2% to $129.01 after Bank of America upgraded the stock from neutral to buy and raised its price target from $120 to $150.

Reports from Abbott Laboratories, United Airlines, Progressive, Kinder Morgan, and J.B. Hunt Transport Services are expected later today, adding to the flow of corporate results shaping market sentiment as investors navigate this pivotal earnings season.

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