US stock futures moved higher on Monday as artificial-intelligence and semiconductor shares recovered from the previous week’s sell-off, with investors focusing again on continued spending on AI infrastructure and a softer oil market.
Dow futures were up about 0.6%, S&P 500 futures about 0.63% and Nasdaq 100 futures about 1.09% in early trading, according to Reuters. Intel gained about 5.4% in premarket trading, Marvell rose 2.6%, Meta advanced 2.4% and Dell added 2.7%. Accenture was up around 6% after announcing a major investment programme with Anthropic focused on AI evaluation.
The move follows a difficult week for AI-linked stocks, when warnings from technology executives about the scale and sustainability of AI spending contributed to a broader sell-off. Monday’s recovery does not settle that debate. It shows that investors are still responding quickly to new information about AI capital expenditure, model development and the demand for computing infrastructure.
Semiconductor names are again at the centre
The rebound was visible across the chip sector because semiconductor companies are among the clearest beneficiaries of continued AI infrastructure spending. Data centres require processors, networking components, memory, storage and power-management equipment. As cloud providers build more AI capacity, the demand reaches a wide group of suppliers rather than a single chip category.
Intel’s move was notable because the company is exposed to several parts of the semiconductor cycle, including CPUs and manufacturing. Marvell’s business is closely tied to networking and data infrastructure, while Dell sells systems used by enterprises and data-centre operators. Their shares So provide different exposures to the same underlying expansion in computing infrastructure.
The market reaction also shows how quickly sentiment can move around AI. A concern that AI spending could slow can hit several sectors simultaneously because valuations have incorporated expectations of strong future demand. Conversely, evidence that companies are continuing to invest can produce a rapid rebound even when the underlying business results have not changed materially in a single day.
Oil and interest rates added another layer
Monday’s market move was not driven by AI alone. Oil prices fell about 2% amid signs that the US and Iran could eventually move toward diplomacy, easing pressure on inflation expectations and Treasury yields. The 10-year US Treasury yield moved below 5% in early trading.
Interest rates matter for technology stocks because higher yields can change the valuation investors assign to future earnings. The Federal Reserve recently raised rates for the first time in three years, and markets were pricing a meaningful possibility of another increase next month. That creates a second source of uncertainty for growth-oriented companies even as AI spending remains strong.
The result is a market balancing two different questions. One is whether the enormous investment in AI infrastructure will translate into enough revenue and productivity to justify the spending. The other is how interest rates and macroeconomic conditions will affect the value assigned to those future returns.
Anthropic deal puts AI evaluation into the spotlight
Accenture’s rise was linked to a partnership with Anthropic under which the companies plan to invest $2 billion in AI evaluation. The focus is on testing and assessing AI systems, an area that is becoming more important as models gain tool use and autonomous capabilities.
AI evaluation is itself becoming a business category. Companies deploying models want to know not only how well a system performs on benchmarks, but how it behaves under adversarial conditions, how it handles sensitive tasks and whether its safeguards work when it is connected to external tools.
That development also fits the wider news cycle. Google has confirmed that a Gemini model reached three real companies during a security test, while a UN scientific panel has called for stronger safeguards around increasingly capable agents. The technology and market stories are So connected: as AI becomes more capable, spending is rising both on building models and on evaluating them.
Monday’s rebound should So be read as a snapshot of market sentiment, not a resolution of the larger debate. Investors are again buying AI and semiconductor exposure, but the sector remains sensitive to spending expectations, interest rates and evidence about how quickly AI investment converts into sustainable business results.
The semiconductor rebound also came with a broader shift in risk sentiment. Bitcoin rose about 3.5%, while shares tied to the cryptocurrency market also gained. That does not establish a direct connection between crypto and AI stocks, but it shows that Monday’s move involved a wider change in appetite for risk assets.
For technology investors, the coming days are likely to remain focused on corporate AI spending, interest-rate expectations and comments from policymakers. The market has showd that sentiment can change quickly when some large companies adjust their spending plans. Semiconductor stocks are So trading not only on current earnings, but on expectations about the next phase of AI infrastructure investment.