The Nasdaq rose 0.9% and the S&P 500 added 0.3% on Monday, lifted by a rebound in semiconductor shares after steep losses in the prior session and a renewed wave of AI enthusiasm. Sentiment improved further following reports that Iran and Israel had paused their exchange of strikes, while President Trump indicated that negotiations were ongoing despite the recent attacks. In turn, oil prices surrendered most of their earlier gains.
Among chipmakers, Nvidia advanced 1.7%, Broadcom gained 2.8%, AMD rallied 5.1%, and Micron Technology surged 9.9%. Tesla also recorded a strong move higher, climbing 4.6%.
In contrast, the Dow Jones Industrial Average slipped 81 points. Apple fell 1.9% after its next-generation AI platform failed to meet investor expectations, while Microsoft and Visa also lagged, each declining 1.2%.
