Chip stocks snap eight-session losing streak as bond yields fall

AI-linked and chip stocks rebounded Monday, snapping an eight-session losing streak for the Philadelphia Semiconductor Index.
The Philadelphia Semiconductor Index shed about $2 trillion in market value last week.
The prior selloff was driven by rising interest rates and higher borrowing costs for heavily indebted AI companies after a hot inflation reading.
Dropping government bond yields supported the rebound, alongside analyst upgrades.
Goldman Sachs upgraded CoreWeave to buy, citing its performance advantage and tight computing capacity.
J.P. Morgan upgraded Intel to neutral, highlighting rising agentic AI workloads and tight advanced chip supplies.
Upcoming earnings reports from major tech and semiconductor companies are the next test for the AI trade, as investors weigh earnings growth against valuation and debt concerns.

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