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Nasdaq futures gain as investors buy the dip in the AI trade: Live updates
The Nasdaq Composite rose on Monday as traders moved back into tech following last week's artificial intelligence-related rout.
The tech-heavy index added 1.5%, while the S&P 500 gained 0.7%. The Dow Jones Industrial Average rose 38 points, or 0.1%.
Intel advanced 5% after JPMorgan analysts upgraded their rating on the chipmaker. Neocloud mainstay CoreWeave gained 2% after receiving an upgrade at Goldman Sachs. The stock plunged more than 25% last week â its biggest one-week drop since November 2025 â over debt concerns. Advanced Micro Devices and Micron Technology were also up 3% and 4%, respectively.
The S&P 500 lost nearly 2% last week â its biggest weekly decline since late June. The Nasdaq tumbled 4.5%, snapping a four-week winning streak. Information technology also shed more than 6% to post its worst weekly performance since April 2025. It was the most net sold global sector last week, with hedge funds selling the largest percentage of tech on record, per Goldman Sachs.
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