Jakub Porzycki | Null Photo | Getty Images
Investors again flocked to artificial intelligence names in the United States on Monday. shares of Nvidia rose 5.8%, broadcom 2.6% are ahead; microsoft rose 1.9%, ending an eight-day losing streak and marking the longest losing streak since 2011.
Market participants are hopeful that another historical long-term record, the U.S. government shutdown, will soon end. As of this newsletter’s publication, U.S. senators are voting on a deal to reopen the government, but the deal still needs to pass the House of Representatives and be signed into law by President Donald Trump (who has already approved it).
However, concerns about AI’s high reputation have not completely disappeared.
core weave It announced its third quarter earnings on Monday. We rent Nvidia cards to AI companies. google And Microsoft has a business model closely tied to the AI trade. The company’s revenue increased 134% year-over-year, but it still reported a net loss and expected to be below its guidance for this year.
The general shape of these numbers – high profits and high losses – is very reminiscent of OpenAI, the industry-leading, cash-draining startup that sparked the AI frenzy. Of course, it’s a stretch to equate the two companies and the factors that drive their finances.
Still, Mark Haefele, CIO, UBS Global Wealth Management believes that AI-related stocks should drive the stock market. The end of the US government shutdown is just around the corner (hopefully it doesn’t become a jinx) and this is another hurdle for markets to overcome.
What you need to know today
And finally…
October 15, 2025, Russian President Vladimir Putin.
Alexander Zemlyanichenko | AFP | Getty Images
Russia is late to join, but still preparing to enter rare earth fray
Russian President Vladimir Putin last week ordered authorities to complete a roadmap “for the long-term development of mining and production of rare and rare earth metals” by December 1.
Moscow lags behind countries such as China when it comes to developing deposits of rare earth elements. Although Russia lags behind major countries, it ranks fifth in the world in known rare earth reserves, with an estimated total of 3.8 million tons, according to the U.S. Geological Survey. This is more than the 1.9 million tons in the United States.
— Holly Ellyatt
