Nasdaq Rises as AI and Chip Stocks Rebound
The Nasdaq Composite led Wall Street with a 1 percent advance as investors returned to chip and artificial intelligence stocks following a bruising weekly decline. The semiconductor index snapped an eight-day losing streak ahead of upcoming corporate earnings.
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The Nasdaq Composite led Wall Street with a 1.11% advance during Monday's session as investors returned to chip and AI-linked stocks following a bruising weekly selloff. The rebound followed the S&P 500 and the Nasdaq's biggest weekly declines since late June amid mounting concerns over AI infrastructure financing. Investors are recalibrating risk as major corporate earnings reports loom in the coming days.
