Nasdaq climbs over 1% as AI-linked stocks recover ahead of key earnings

The tech-heavy Nasdaq Composite led Wall Street's gains on Monday as investors returned to AI-related stocks following last week's bruising selloff, while declining oil prices lent additional support ahead of key corporate earnings reports. The benchmark S&P 500 and Nasdaq had posted their biggest weekly drop since late June on Friday, as concerns that higher interest rates could curb investments in AI infrastructure weighed on technology stocks, particularly data center operators. The selloff reflected mounting investor unease over how the costly AI build-out will be financed, a question that has increasingly pressured companies underpinning the U.S. bull market, which recently marked its fourth anniversary. CoreWeave, which was at the center of last week's selloff after its shares plunged more than 25 percent on worries over a $50 billion debt load, climbed 3.1 percent on Monday. Goldman Sachs upgraded the neocloud firm to "buy" from "neutral", saying the recent selloff offers a buying opportunity. Peers Nebius and Iren gained 4.7 percent and 6.5 percent, respectively. Chipmakers Broadc