Chip Stocks, Alphabet Propel Rebound

Chip stocks and other technology shares rallied Monday, extending Friday's gains and suggesting that fears of an AI bubble are receding.

- BY JACK PITCHER

Semiconductor companies Broadcom, Advanced Micro Devices and Micron Technology were among the big winners, while Tesla and Google parent Alphabet both added more than 6%. A fund tracking the Magnificent Seven tech stocks added 3.3%, its largest in