Oil Price Surge Crushes Stocks, Except for One Tech Giant

Stocks fell on Monday as oil prices spiked and AI-related stocks tumbled. The tech-heavy Nasdaq index saw significant losses, with many of its top components experiencing declines.

Nvidia (NVDA) was one notable exception, rising above its buy trigger after seeing a recent price drop. Meanwhile, Sandisk (SNDK) and Western Digital (WDBI) plummeted in value due to their struggling AI-related businesses.

The sharp decline in oil prices has had an impact on the market as investors grow concerned about the economic implications of rising energy costs.