Wall Street Steadies as AI Stocks Rebound
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- Wall Street steadied as AI stocks recovered some of last week's sharp losses, framing the move as a partial rebound rather than a full reversal.
- Chip stocks led the recovery, with the S&P 500 and Nasdaq edging higher as the chip rout stalled and oil slipped.
Why it matters: The fact that multiple outlets frame the move as recovering only 'some' of last week's losses signals the AI-stock sell-off hasn't fully reversed, leaving the rebound fragile ahead of megacap earnings reports that will test whether the bounce holds.
