Asian and European technology Market recover from last week's selloff as chip stocks surge Monday

Chip stocks are bouncing back Monday, but the rally comes with a pretty big catch: Nvidia, the company at the center of the AI trade, is getting hammered before Wall Street even opens. Investors are piling into semiconductor names across Taiwan, South Korea and Europe after last week’s selloff, while a board investigation into Nvidia CEO Jensen Huang adds another headache for American traders. So this is hardly one of those days when every tech stock heads in the same direction. The buying follows a rough stretch for AI stocks. Democrats won control of Congress , and investors started questioning whether Washington could put new limits on the huge data centers being built to run artificial intelligence. That concern helped drive Thursday’s painful selloff.

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