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AI stocks lift Wall St as oil falls, Treasury yields decline
Wall Street’s main indexes rose on Monday, powered by AI gains as Treasury yields eased and crude prices tumbled more than 3% to hit an 11-day low on hope of progress in Middle East negotiations during the UN meeting this week. Doomsday warnings from the leaders of AI giants a week ago had led to a selloff, but the mood seemed lighter as investors focused on signs that spending on developing the technology was still expanding. Chip companies such as Intel rose 9%. Advanced Micro Devices surged 8.5% to become the latest chipmaker to reach $1 trillion in market valuation and Micron also gained 3...
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