Market Rally Faces Headwinds as Oil Prices and Bond Yields Rise; Alphabet Announces New AI Chip Roadmap
On Monday, stocks saw a modest rally but struggled to maintain gains amid rising oil prices and bond yields. The S&P 500 and Nasdaq fell from their session highs in afternoon trading due to ongoing volatility in the AI sector. Meanwhile, Alphabet announced it is developing more efficient AI chips called Frozen v2 for its Gemini models.
Topics: AI stocks Alphabet AI development bond yields Federal Reserve rates oil prices