Wall Street rises as AI stocks rebound after turbulent week

Wall Street closed higher on Monday, driven by renewed interest in artificial intelligence stocks after last week's turbulence, alongside a slight easing in oil prices. The tech-heavy Nasdaq gained 0.82%, the S&P 500 rose 0.70%, and the Dow Jones added 0.28%. The rebound follows recent volatility in the tech sector over concerns about the profitability of massive AI investments, which analysts say offered investors a chance to buy at more favorable prices. Semiconductor giants like Nvidia, Broadcom, and AMD all advanced, while optimism was also fueled by Anthropic's filing for an initial public offering, with the company reporting first-half revenue of $16.3 billion. Investors now look ahead to quarterly results from Microsoft, Alphabet, and Amazon this week, as well as the Federal Reserve's policy meeting where steady rates are widely expected. Microsoft closed higher after offering voluntary buyouts to over 25% of its workforce, while Meta fell 1.88% following its plan to raise $35 billion for AI investments.