Tech stocks had a nice oversold bounce on Monday. Earnings this week will determine if it’s for real

This week’s major earnings hold the key to whether this technology comeback has legs, investors said.The S&P 500 and Nasdaq Composite rallied Monday, largely due to a rebound in artificial intelligence companies. Chip stocks surged, with the iShares Semiconductor ETF (SOXX) on pace to snap a nine-day slump.