The Nasdaq Composite climbed sharply Monday, snapping back from its worst weekly performance in months as investors rotated back into technology and artificial intelligence-linked stocks amid signs that tensions in the Middle East were easing and oil prices continued to retreat.

The tech-heavy index stood at 25,595.48 as of 11:17 a.m. EDT, up 297.87 points, or 1.18%, on the day. The gain follows a rough stretch last week in which the Nasdaq fell for five consecutive sessions, closing Friday down 0.24% at 25,297.62 and finishing the week with a steep 4.6% decline, its worst weekly showing in some time. The S&P 500 had slipped nearly 2% over the same period, while the Dow Jones Industrial Average managed to buck the trend, rising 0.6% for the week as investors rotated into more defensive sectors.

Much of last week's weakness traced back to a sharp pullback in chip and AI-related stocks following a New York Times report that OpenAI was considering delaying its highly anticipated initial public offering to 2027, citing both the underwhelming post-IPO performance of SpaceX and broader volatility across AI-linked shares. Investors also weighed renewed geopolitical risk after President Donald Trump accused Iran of violating a ceasefire agreement with the United States, alleging in a social media post that Iranian forces had launched attack drones at ships transiting the Strait of Hormuz, with one drone striking the deck of a large cargo vessel. Trump went further over the weekend, again threatening Iran with severe consequences following U.S. retaliatory strikes on Iranian military targets, keeping regional........

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