Wall Street recovered from losses to open higher on Monday after Nvidia CEO Jensen Huang encouraged investors to see the chip rout as a ‘buy-on-dips’ opportunity. Meanwhile, an indicative halt in strikes between Iran and Israel also lifted sentiment.
The tech-heavy Nasdaq Composite, which had registered its sharpest fall since April 2025, opened 1.4% higher at 26,066.93. S&P 500 was up nearly 1% to 7,451.04, and Dow Jones Industrial Average rose 0.41% to 51,077.45 at open.
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Shares of Nvidia Corp. rose 1.66% to $208.35 after its chief said investors should be “excited” about the market pullback, calling it a discounted buying opportunity.
Advanced Micro Devices Inc., and Micron Technology were up over 4% and 9% to $486.20 and $942.24, respectively. At the same time intel’s stock zoomed nearly 12% to $111 on reports that tech giants Google and Nvidia are considering Intel as their back up chip maker.
(This is a developing story)