The Nasdaq Composite rose more than 1%, while semiconductor and AI-related stocks saw buying return after last week's sharp decline. Investors are once again closely watching the performance of technology stocks.
The Nasdaq Composite rose more than 1% in the US stock market. The broader market, which has a high weighting in technology stocks, gained momentum.
Buying returned to semiconductor and AI-related stocks, which had fallen sharply last week, and funds were seen rotating back into the sectors.
Market participants continue to track technology stocks in particular and are watching the performance of related names.