Morning Business Report: AI stocks fuel Wall Street rebound as survey highlights benefits of self-care for seniors

Wall Street rebounded sharply Monday as investors poured back into artificial intelligence stocks following last week's massive semiconductor selloff that erased more than $1 trillion in market value.

(LILAMAX)- Wall Street rebounded sharply Monday as investors poured back into artificial intelligence stocks following last week’s massive semiconductor selloff that erased more than $1 trillion in market value.

The Nasdaq climbed higher, helped by a seven percent jump in the semiconductor index. Shares of Intel, Marvell and Nvidia all posted strong gains. Reuters reports Intel surged more than 12 percent after securing a major AI chip order, while Marvell continued to rally after joining the S&P 500. Citigroup also raised its year-end target for the S&P 500 to 8,100, citing strong corporate earnings and what it calls an ongoing AI “supercycle.”

Meanwhile, President Donald Trump says his administration is exploring ways for American taxpayers to gain a financial stake in artificial intelligence companies, allowing them to share in the profits of what could become trillion-dollar businesses.

And a new survey suggests self-care may be one of the keys to healthy aging. The poll, conducted by Talker Research for Home Instead, found six in 10 older adults and caregivers believe seniors take better care of themselves than younger generations.

Many older Americans define self-care through simple daily activities such as walking, spending time with loved ones and maintaining personal grooming routines. Those who practice self-care every day reported higher levels of happiness.

The survey also found caregivers believe helping older adults maintain everyday routines can improve confidence, independence and overall quality of life.