In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%.

Asian tech stocks tracked overnight losses in U.S. tech names led by a sell-off in Broadcom.

(Bloomberg) -- Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep…