The Information Technology sector led a broad market rebound on Monday, with the Nasdaq outperforming major indices.
A significant pullback in oil prices triggered the relief rally as Middle East geopolitical tensions eased. Lower energy costs reduced investor concerns regarding inflation and its impact on growth-oriented technology stocks.
Investor optimism surged with the start of Nvidia’s annual GTC conference. The event boosted sentiment across the AI ecosystem, including chipmakers, software firms, and infrastructure providers. Improved macroeconomic conditions and AI enthusiasm drove substantial investor inflows into the tech sector.