The rally persisted even as Alibaba introduced its latest artificial intelligence model, underscoring China’s rapid technological development. Market participants appear focused on the upcoming earnings cycle, with Alphabet, Tesla, IBM, and Intel expected to disclose their second-quarter financial results in the coming days.
In section Market Quotes
Nasdaq Rebounds as Chipmakers Shake Off AI Sell-Off
A sharp recovery in chip manufacturing stocks propelled the Nasdaq composite nearly 1% higher on Monday, signaling that investor fears regarding an artificial intelligence bubble have temporarily subsided. Shares that suffered double-digit losses last week, including Micron Technology and Seagate Technology, led the broader market’s bullish reversal.
Energy markets remained volatile as Brent crude futures briefly breached $90 per barrel. Prices retreated after Tehran signaled a preference for diplomatic channels to resolve tensions with Washington, tempering immediate concerns over supply chain disruptions. With the Federal Reserve entering a mandatory quiet period before its interest-rate decision next Wednesday, the market lacks significant economic data, leaving corporate performance to dictate investor sentiment.
Comments (0)
No comments yet. Be the first!