U.S. stocks rebounded strongly, with the S&P 500 rising 1.6% driven by AI capital expenditures

ChainCatcher news, according to Jinshi reports, U.S. stocks rebounded strongly on Monday, with the S&P 500 index rising 1.6%, reversing last Friday's decline of over 2%, and the Nasdaq 100 index soaring 2.1%. OpenAI and Broadcom announced a partnership to develop custom chips and networking equipment, injecting new positives into the market.

Tom Essaye of Sevens Report stated that as long as the AI capital expenditure boom continues, the stock market can maintain its strength, but if the market begins to doubt the stimulating effect of AI on the overall economy, the decline will be swift and painful. Gabelli fund manager John Belton pointed out that while there are signs of overheating in certain areas, calling it a "bubble" is overly simplistic.