Nasdaq 100 rises 1.3% as chipmakers lead AI trade rebound

A gauge of chip giants climbed 2.9% after a rout in one of the most-crowded bets, lifting the Nasdaq 100 1.3%.
Dip buyers emerged on bets that the AI investment boom will continue to support solid earnings.
CoreWeave rose 4% after Goldman Sachs recommended buying the shares following a recent plunge.
Meta Platforms earnings this week and Tesla's upcoming report are cited as the next tests of confidence in the AI trade.

Sources