📊 Stocks ripped back after last week’s AI selloff. The Nasdaq gained 2.74%, the S&P 500 rose 2.34%, the Dow popped 2.15% and Canada’s S&P/TSX Composite climbed 1.84% on mining and financials. 🤖 Nvidia ($NVDA) fell 4.27% to $178.67, the lone chip decliner, after its board opened an investigation into CEO Jensen Huang’s relationship with a businesswoman that U.S. intelligence agencies allege is a Chinese spy. Dan Ives called it an overhang that could draw congressional inquiries. 🔲 Advanced Micro Devices ($AMD) jumped about 13% after Oppenheimer upgraded it to outperform with a $600 target, implying 34% upside. Broadcom ($AVGO) popped 9% and the iShares Semiconductor ETF rose more than 7% after dropping around 13% last week. 🛰️ AST SpaceMobile ($ASTS) jumped 14% on a joint venture with Japan’s Rakuten. 💻 Constellation Software ($CSU) was a standout TSX decliner, falling roughly 4% while Canadian banks rallied. BMO ($ZSP) gained 2.08% and RBC ($RY) rose 1.71%. 🛢️ WTI dropped 4.38% to settle at $86.85 and Brent slid 5.85% to $92.57, with energy the only S&P 500 sector in the red. Marco Rubio called Iran’s negotiating demands outrageous and ridiculous ahead of the G7 foreign ministers’ meeting. 👨🏻💻 Researched and written daily by @tim_emino
