Chip Sector Revival: Nasdaq-100 Jumps %1.3 as Nvidia and Canada Tensions Impact Markets

Markets kicked off the week with a rebound in the chip sector, driving the Nasdaq-100 up by %1.3, with semiconductor stocks leading the charge ahead of Big Tech earnings. Nvidia (NVDA) shares edged up %0.23 after announcing a stake in neocloud provider Nebius, while South Korea's KOSPI Composite index surged %3.56. The S&P 500 and Dow Jones futures, however, started the week lower due to rising US-Iran tensions, with the S&P 500 down %0.19 and the Dow Jones down %0.59. The looming US tariffs on Canadian goods—including beer, hockey sticks, and chemicals—added uncertainty, as crude oil prices traded near $90/barrel. Investors are closely watching earnings reports from Alphabet (GOOG, GOOGL) and other tech giants for clues on AI spending.

The resurgence in chip stocks is reshaping global supply chains, but external factors like Iran tensions and Canada's trade policies could keep markets volatile in the near term.