US Stock Market Move | Tech stocks collectively rebounded, Broadcom Inc. (AVGO.US) rose more than 8%

On Monday, the three major U.S. stock indexes collectively opened higher, with the Nasdaq rising 1.67%. Tech stocks rebounded, with Broadcom Inc. (AVGO.US) up over 8%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) up over 5%, Oracle Corporation (ORCL.US) up over 4%, NVIDIA Corporation (NVDA.US), Tesla, Inc. (TSLA.US) up over 2%, and Amazon.com, Inc. (AMZN.US) up over 1%. In terms of news, OpenAI announced a partnership with Broadcom Inc. to jointly produce its first self-designed artificial intelligence processor. This is the latest chip collaboration reached by OpenAI to ensure computing power supply and meet the surging demand for AI. On Monday, both parties stated that OpenAI will be responsible for chip design, and Broadcom Inc. will start developing and deploying in the second half of 2026, planning to launch a custom chip with a total computing power of 10 gigawatts, consuming the same amount of electricity as over 8 million U.S. households. Additionally, former President Trump posted on the "Truth Social" platform last Sunday, hinting to investors that he may not follow through on his previous threats. Former President Trump wrote, "Don't worry, everything will turn out fine!". Vice President Pence echoed this sentiment over the weekend, and U.S. Trade Representative Greil also mentioned that markets are expected to stabilize in the coming week, and we need to find ways to return to a stable situation. These statements may encourage investors to re-enter the market after the selling frenzy on Friday.