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NASDAQ 100 jumped nearly 2% on Monday as technology stocks led a broad rally across US markets. Investors returned to growth and AI-linked stocks as lower oil prices and retreating Treasury yields eased pressure on equities.
The rally came after recent market volatility linked to higher interest rates and inflation concerns. The technology-heavy index emerged among the strongest performers, while the broader NASDAQ Composite also advanced.
Semiconductor stocks drove much of the advance. Intel surged more than 13%, while AMD gained 9.3%. AMD’s rise pushed its market value above USD 1 trillion. Micron advanced 2.3%, while NVIDIA gained more than 1%.
Meta Platforms climbed 6.7% after Wells Fargo raised its price target. Accenture gained 3.2% following news of a USD 2 billion AI partnership with Anthropic.
The Philadelphia Semiconductor Index also moved higher, reflecting renewed strength across chip stocks. Software stocks joined the advance, extending gains beyond the semiconductor sector.
Lower crude prices provided additional support to US equities. West Texas Intermediate crude fell more than 4% to USD 95.90 a barrel, easing some concerns around inflation.
The US 10-year Treasury yield also moved lower, offering relief to technology and other growth stocks that remain sensitive to borrowing costs. The decline followed recent pressure on the bond market, which pushed the benchmark yield above 5%.
The S&P 500 rose about 1.2%, while the Dow Jones Industrial Average gained more than 200 points, or around 0.5%.
Also Read: US Stocks Fall as Treasury Yields Rise, NASDAQ and S&P 500 Slip
Investor sentiment also received support from developments in US-China discussions. US Treasury Secretary Scott Bessent reported productive AI-related talks with Chinese Vice-Premier He Lifeng, with both sides planning continued discussions in Shenzhen.
The latest market gains highlight the influence of artificial intelligence on technology stocks. Semiconductor companies, software firms and other AI-linked businesses continue to attract investor attention as markets assess the sector’s growth prospects.
Investors are also watching interest rates, inflation and energy prices for signs that could shape the next phase of the market rally.
