Wall Street rises as AI stocks rebound after selloff

Wall Street closed higher on Monday, driven by renewed interest in artificial intelligence stocks after last week's turbulence. The Nasdaq gained 0.82%, the S&P 500 rose 0.70%, and the Dow Jones added 0.28%. The tech sector had been shaken by concerns over the profitability of massive AI investments, but analysts said the dip offered buying opportunities. Semiconductor giants rose, including Nvidia (+2.39%), Broadcom (+2.33%), and AMD (+2.80%), while optimism was boosted by Anthropic's IPO filing, which showed first-half revenue of $16.3 billion. Investors now await quarterly results from Microsoft, Alphabet, and Amazon, as well as the Federal Reserve's meeting, where steady rates are expected. Oil prices fell slightly, and Microsoft closed up after offering voluntary buyouts to over 25% of its staff, while DoorDash dropped on reports of a potential Instacart acquisition.