Tech stocks today: Chip stocks rebound as Nvidia CEO Jensen Huang says investors should be 'very happy' about pullback

Tech stocks rebounded connected Monday greeting arsenic spot stocks recovered from a $1 trillion wipeout connected Friday that dragged the Nasdaq Composite scale (^IXIC) 4% lower.

Comments from Nvidia CEO Jensen Huang successful Seoul, South Korea, lifted semiconductor names connected Monday. The AI kingmaker said investors should beryllium "excited" astir the marketplace pullback, saying that it offers traders a buying opportunity.

"We're astatine the opening of it, and immoderate happened to the banal market, you should beryllium precise blessed due to the fact that present you tin bargain astatine a discount," Huang said astir the aboriginal of artificial intelligence.

Oracle (ORCL) net connected Wednesday and the company's update connected request connection different catalyst for the AI commercialized this week.

In different tech news, Apple (AAPL) volition big its yearly Worldwide Developers Conference (WWDC) connected Monday astatine its Cupertino, Calif., headquarters. The lawsuit volition beryllium Tim Cook's past Apple developers league arsenic CEO and could uncover a reboot of Apple's AI strategy. In particular, investors volition beryllium searching for Apple's motorboat of an AI-infused mentation of Siri.

Anticipation besides continues to physique up of the SpaceX (SPAX.PVT) archetypal nationalist offering connected Friday. The IPO is expected to beryllium the largest connected record, valuing Elon Musk's rocket, satellite, and AI institution astatine astir $1.8 trillion. It could besides mint Musk arsenic the world's archetypal trillionaire.