The Dow Jones Industrials came off their highs of the day, but still surged 74.28 points to close Monday to 38,790.05.
The S&P 500 index captured 32.33 points to 5,149.42.
The NASDAQ popped 130.27 points to 16,103.45.
Nvidia shares gained 0.7% on the first day of the company’s GTC Conference — where the chipmaker is expected to showcase its latest inroads in artificial intelligence. Analysts hiked up their price targets as the conference began, with Truist’s William Stein predicting a 34% upside. Shares had earlier climbed as high as 4% on Monday morning.
Shares of Alphabet ended 5% higher after Bloomberg News reported that Apple was in talks with Google to include the company’s Gemini AI in iPhones.
These moves come after two weeks of tech-led losses for both the S&P 500 and NASDAQ Composite. The Dow Jones Industrial Average has ended the past three weeks with losses.
Prices for the 10-year Treasury fell, raising yields to 4.33% from Friday’s 4.31%. Treasury prices and yields move in opposite directions.
Oil prices gathered $1.82 to $82.86 U.S. a barrel.
Gold prices regained $2.10 to $2,163.60.