US stocks climb amid shaky trading in markets worldwide

U.S. stocks experienced a surge on Monday, buoyed by instability in global financial markets, with artificial intelligence-related stocks exhibiting volatility. The S&P 500 climbed by 0.8 percent, nearly recouping its losses from last week, and approaching its all-time high set earlier in the month. The Dow Jones Industrial Average climbed 154 points, or 0.3 percent, while the Nasdaq composite rose 1.1 percent.

Nvidia's stock was the primary driver, increasing by 2.5 percent and helping the company recover some of its decline from three consecutive losing weeks, its longest such streak since June. However, stocks in the AI industry remained unsettled due to concerns over the industry's boom being threatened by the increasing difficulty for companies to secure loans for building data centers and acquiring more AI chips. Meta Platforms led these fluctuations after revealing plans to raise additional funds.