Tech stocks today: Tech stocks halt slide, Google rises after joining the Dow

Tech stocks rebounded connected Monday aft a brutal week past week that saw the Nasdaq Composite (^IXIC) driblet 4.6% implicit 5 days. Memory proviso concatenation bottlenecks that are driving up AI constituent costs and skepticism over enormous investments successful artificial quality person rattled tech investors arsenic markets adjacent the midpoint of the year.

A study past week that OpenAI (OPAI.PVT) whitethorn hold its archetypal nationalist offering until 2027 has added to the tumult. According to the report, the absorption to SpaceX's (SPCX) IPO is 1 crushed for OpenAI's caution. Since its blockbuster nationalist debut, SpaceX banal has fixed up astir each its post-IPO gains.

Apple (AAPL) banal continued to look selling unit connected Monday aft the institution announced terms hikes connected MacBooks and iPads to offset higher representation costs. The proviso crunch for representation chips has deed different hardware makers, too, including Microsoft's (MSFT) Xbox.

Alphabet (GOOG, GOOGL) stock, however, jumped 4% arsenic it joined the Dow Jones Industrial Average (^DJI), replacing Verizon's banal successful the blue-chip index.

This week volition trial whether investors proceed to instrumentality profits connected this year's high-flying tech names oregon bargain the dip connected immoderate precocious beaten-down names.