The Information Technology sector posted strong gains on Monday, with the Nasdaq leading a broad market rebound.
A significant pullback in oil prices catalyzed the rally as Middle East tensions showed signs of easing. This decline calmed investor fears regarding inflation and its impact on growth-oriented sectors.
Investor optimism surrounding Artificial Intelligence surged with the start of Nvidia’s annual GTC conference. The event fueled positive sentiment across chipmakers, software, and infrastructure providers. These factors drove significant investor inflows into the technology sector.