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CNBC debates whether the AI correction is over as tech earnings loom

CNBC aired a panel discussion questioning whether the AI pullback has ended and examining how upcoming tech earnings could shape the rally.

MarketAlleys Research Desk

Published · 3 min read

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Illustration for: CNBC debates whether the AI correction is over as tech earnings loom
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What happened

CNBC reported on Oct 27, 12:57 UTC that Scott Wapner and the Investment Committee debated whether the AI correction is over. The discussion also examined how tech earnings will affect the rally. CNBC ran the piece under the headline "The AI correction, tech earnings and the rally."

Stocks market context

As of Oct 27, 18:30 UTC, the SPY ETF was $769.22 and rose 0.50% from the prior close, and the QQQ ETF was $720.41 and rose 1.15% from the prior close. NVIDIA was $217.58 and rose 0.73% from the prior close, Apple was $345.61 and rose 0.49% from the prior close, Microsoft was $530.77 and fell 0.34% from the prior close, and Amazon was $253.99 and rose 1.97% from the prior close; other tracked names included Alphabet $321.62 rose 1.52% from the prior close, Meta Platforms $622.04 fell 1.35% from the prior close, Tesla $406.01 rose 3.67% from the prior close, and JPMorgan Chase $336.50 rose 0.74% from the prior close (Finnhub).

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $769.22 +0.50% vs prior close Oct 27, 18:30 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $720.41 +1.15% vs prior close Oct 27, 18:30 UTC Finnhub
NVIDIA $217.58 +0.73% vs prior close Oct 27, 18:30 UTC Finnhub
Apple $345.61 +0.49% vs prior close Oct 27, 18:30 UTC Finnhub
Microsoft $530.77 -0.34% vs prior close Oct 27, 18:30 UTC Finnhub
Amazon $253.99 +1.97% vs prior close Oct 27, 18:30 UTC Finnhub
Alphabet $321.62 +1.52% vs prior close Oct 27, 18:30 UTC Finnhub
Meta Platforms $622.04 -1.35% vs prior close Oct 27, 18:30 UTC Finnhub
Tesla $406.01 +3.67% vs prior close Oct 27, 18:30 UTC Finnhub
JPMorgan Chase $336.50 +0.74% vs prior close Oct 27, 18:30 UTC Finnhub

Thestockmarketwatch published "Tech and AI Sectors Surge as Earnings Season Hits High Gear," noting bullish momentum during midday trading on Oct 27. CNBC published a separate item titled "Nvidia, AMD to invest $4 billion in Meta as tech giants deepen AI partnership," saying Meta announced plans to raise $95 billion to support AI infrastructure.

What to watch

GOOGL Q3 2026 earnings are scheduled for Wed Oct 28 (after the close), and MSFT Q1 2027 earnings are scheduled for Wed Oct 28 (after the close); AMZN Q3 2026 earnings are scheduled for Thu Oct 29 (after the close).

  • Wed Oct 28 (before the open) — PSX Q3 2026 earnings · EPS estimate 11.84
  • Wed Oct 28 (after the close) — GOOGL Q3 2026 earnings · EPS estimate 3.11
  • Wed Oct 28 (after the close) — MSFT Q1 2027 earnings · EPS estimate 4.82
  • Wed Oct 28 (after the close) — F Q3 2026 earnings · EPS estimate 0.41
  • Wed Oct 28 (after the close) — TMUS Q3 2026 earnings · EPS estimate 2.97
  • Thu Oct 29 (after the close) — AMZN Q3 2026 earnings · EPS estimate 2.00

Sources and data

  • CNBC (secondary source) — The AI correction, tech earnings and the rally
  • thestockmarketwatch.com (secondary source) — Tech and AI Sectors Surge as Earnings Season Hits High Gear
  • Yahoo (secondary source) — 3 Tech Dividend Stocks That Offer Income and Stock Price Growth Through AI
  • Finnhub (market data) — market data

Market data as of Oct 27, 18:30 UTC; report generated Oct 27, 18:40 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

Sources & data

  1. CNBC (secondary, retrieved Oct 27, 2026, 06:43 PM UTC)
  2. thestockmarketwatch.com (secondary, retrieved Oct 27, 2026, 06:43 PM UTC)
  3. Yahoo (secondary, retrieved Oct 27, 2026, 06:43 PM UTC)
  4. Finnhub (market-data, retrieved Oct 27, 2026, 06:43 PM UTC)

Market data as of Oct 27, 2026, 06:30 PM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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