The article discusses the stock market movements as investors resume trading, leading to a recovery in chip stocks, particularly after fears surrounding the AI bubble have subsided. Significant gains were noted in stocks that previously experienced declines, such as Micron Technology, Sandisk, and Seagate Technology. Meanwhile, oil prices remain volatile due to ongoing tensions in the Middle East.

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https://www.wsj.com/finance/stocks/oil-holds-near-90-a-barrel-u-s-stock-futures-edge-higher-c05fcb42

Chip Stocks Regain Ground, Boosting Nasdaq

Oil oscillates between gains and losses as Mideast tensions continue

Caitlin McCabe

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(1 min)

Two female traders work at a laptop on the floor of the American Stock Exchange. Michael Nagle/Bloomberg News

Investors are kicking off the trading week with AI bubble anxieties seemingly in the rearview mirror, pushing chip stocks higher.

The gains come despite Alibaba previewing its new artificial-intelligence model-the second time in a week that China has flexed its advances in AI. Some of today’s biggest winners are stocks that fell by double digits last week, including Micron Technology, Sandisk and Seagate Technology.