# Stocks Rebound as Robinhood, AI and SpaceX Stay in Focus

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28985
Published: 2026-10-09T13:15:36.000Z
Updated: 2026-10-09T13:15:36.000Z
Section: Investing

> Stocks recovered after a technology-led selloff as investors assessed moves involving Robinhood, OpenAI, Nvidia, SpaceX and major U.S. companies.

Stocks were bouncing Friday morning after Thursday’s sharp tech-driven selloff, with calmer oil prices and bond yields helping support a broader recovery.

A positive close would clinch a four-week winning streak for the Nasdaq. The S&P 500 also remained on track for a weekly gain as investors assessed developments across artificial intelligence, crypto-linked equities, airlines and retail.

Jim Cramer highlighted Robinhood after Morgan Stanley raised its price target for the online trading platform to $160 from $150. Robinhood shares remained down 5% for the year despite a difficult stretch for Bitcoin (BTC).

Morgan Stanley also raised its price target for Charles Schwab to $141 from $136.

Artificial intelligence remained a major market theme. OpenAI expects annualized revenue of at least $70 billion by the end of the year. Firmus Grid abandoned plans for an Australian initial public offering because of valuation concerns.

Jim Cramer also discussed whether Nvidia’s heavy investment spending could weigh on its share-buyback outlook. He maintained that the company’s cash generation may prove stronger than some estimates suggest.

SpaceX shares rose more than 3% after the company announced a spectrum expansion for Starlink’s mobile capabilities. Verizon, AT&T and T-Mobile declined as investors assessed the potential for greater competition from satellite-based services.

Delta Air Lines shares fell 2.5% after the airline reported weaker-than-expected quarterly results. Premium revenue increased 18%, but Delta reduced its guidance because of higher fuel costs while still generating substantial profit.

Other market moves included JPMorgan upgrading VF Corp., which owns The North Face, Vans and Timberland, to hold from sell. Bank of America cut its price target for Eli Lilly and raised its target for Johnson & Johnson ahead of earnings.

Needham raised its CrowdStrike price target to $310 from $250. Cramer also discussed the outlook for drug stocks and broader developments across the companies on his watchlist.

The market’s next focus will remain on corporate earnings, analyst target changes and whether technology stocks can extend Friday’s rebound.