Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam.
The Dow Jones Industrial Average traded 70 points higher, or 0.2%. The S&P 500 climbed 0.4%, and the Nasdaq Composite advanced 0.6%.
AI-related stock Nvidia rose after skepticism around the AI trade put pressure on the broader stock market last week. Some traders even questioned whether there was enough energy to power an infrastructure plan between Nvidia and OpenAI. Nvidia was last up more than 2%.
Meanwhile, shares of Electronic Arts jumped more than 5% after the video game company announced that it's going to be taken private in a $55 billion deal. U.S. M&A announced has surpassed $1 trillion year-to-date so far this year, up 29% from the same time a year ago, according to Goldman Sachs.
Source : CNBC.com
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