Semiconductor equipment stocks lead the gains as the chip sector rebounds from last Friday's decline.

Semiconductor equipment stocks: Applied Materials rose 4.2%, KLA Corp rose 3.0%, Lam Research rose 3.5%. Other chip stocks: NVIDIA rose 1.1%, AMD rose 1.4%, Cerebras Systems rose 4.6%, Broadcom rose 1.5%, Intel rose 1.1%, and Micron Technology rose 0.9%. ACM Research's American Depositary Receipts rose 4.1%. Earlier, British media reported that Apple was seeking White House approval to procure chips from CXMT, and ACM Research is a supplier of equipment to CXMT. AI industry chain related stocks, such as Oracle and CoreWeave, also moved higher in tandem.