US stocks rebound on AI optimism revival; Dow rises 387 pts, Nasdaq, S&P 1%

US stocks rebounded sharply on Monday, driven by optimism in AI-related stocks including Meta, Nvidia, Tesla, and Micron, alongside easing oil prices following news of Iranian tankers moving through the Strait of Hormuz. The Dow rose 387 points, the S&P 500 gained 1.05%, and the Nasdaq advanced 1.22%. The Federal Reserve is expected to hold interest rates steady at its upcoming meeting amid ongoing Middle East conflict uncertainty.