Tech rebounds as semiconductor stocks jump: AlphaCheck

Good morning. Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after a sharp sell-off last week.

The Tech (XLK) sector rose, led by chip giants Nvidia (NVDA) and AMD (AMD), as well as memory makers Micron (MU) and SK Hynix (SKHY).

Intel (INTC) stock also jumped after JPMorgan analysts upgraded the stock, citing “solid execution.”

Shares of neocloud provider CoreWeave (CRWV), which were hammered last week, rebounded on the heels of a Goldman Sachs upgrade, helping lift the AI trade.

Here’s a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.

Investors are turning their focus to upcoming earnings reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA), and Meta (META) this week.

Long-dated bonds eased with the 10-year Treasury (^TNX) yield hovering near 5.1%.

Brent crude oil futures (BZ=F) dropped to $108 per barrel, while WTI (CL=F) hovered below $98 per barrel.

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Nebius (NBIS), Broadcom (AVGO), and Cleveland-Cliffs (CLF).

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