S&P 500 pulls within 1.2% of its all-time high even as majority of its stocks fell: Broadcom, Nvidia and other AI stocks made up the difference
AI stocks are on track for a second winning day after swerving for weeks on worries about whether their boom is under threat.
What it means
- What to watch: This one turns on a concrete figure (1.2%); set it against the recent trend before reading it as a turning point.
- How the stocks are trading: $^GSPC +0.17%, $AVGO +1.79%, $NVDA -0.46% in the latest session.
- Timing: It landed while New York was open, so the session move beside it may include the reaction.
Where the stock stands
$^GSPC last traded at $7,735.53, +0.17% on the session. That is 1.4% below its 52-week high of $7,844.52 and 22% above its low of $6,316.91 — within a tenth of its 52-week high. Over the year it has ranged 24% from low to high: a moderate band. $AVGO last traded at $348.45, +1.79% on the session. That is 30% below its 52-week high of $495.00 and 20% above its low of $289.96 — in the lower part of the range. Over the year it has ranged 71% from low to high: a wide band — moves of several percent in a week are ordinary at that volatility. These are latest-session quotes, not live prices.
How much coverage it is getting
Wook has stored at least 300 stories about these names in the last 30 days, 56 of them this week. At its 30-day pace you would expect about 70 a week, so this week is about normal. Across those stories the wording ran 23% bullish, 65% neutral and 12% bearish. This one reads bullish, so it sits in a small minority of the run. 19 came from Fortune and the rest from other outlets, so the coverage is broad rather than one desk returning to the story. 12 related stories — same name or same desk — are lined up beside this one if you want the whole thread.
The bigger picture
In tech and AI, follow the capex. What the largest companies spend on chips and data centers — and whether that spending shows up as revenue — moves these names more reliably than any keynote.
Coming up
$NVDA earnings in 21 days and $AVGO earnings in 43 days. These were on the calendar before this story and are not caused by it.
What to watch next
The $^GSPC page has the full chart, the filings and the valuation model behind these figures. Comparing how two or three outlets frame the same story is the quickest way to separate the facts from the angle. Wook AI, above, can pull live figures and do the math — how far $^GSPC is from its high, or how this week's coverage compares — on request.
How this analysis was made
Fortune published it, and Wook filed it under Tech & AI. It reads bullish at high severity because of “boom”, “high” and “all-time high” in the wording, with nothing on the bearish side to offset them. It was matched to $^GSPC, $AVGO and $NVDA; a company mentioned in passing is tagged the same as the subject, so check which one the story is really about. It carried 1.2%, shown as published and not recalculated. The preview above is the publisher's own wording.
The tone and severity labels come from a fixed word list — no editor, no AI, no crystal ball — so they describe how a story is worded, not what happens next. They are not a forecast or a recommendation, and a same-day move does not mean this story caused it. Not investment advice.
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What happened after this published
Fortune published this on October 28, 2026. $^GSPC has moved -0.04% ($7738.61 to $7735.53), $AVGO has moved +0.63% ($346.29 to $348.45) and $NVDA has moved -0.13% ($217.23 to $216.94). Measured from the first print available after publication, against the latest available quote. This comparison does not isolate the story's effect.