AI stocks rebounded on Wall Street Monday, recovering some of last week's steep losses.

The S&P 500 rose 0.5% after its worst week since June.

The Nasdaq composite rallied 1.1% because it is full of technology stocks.

Most U.S. stocks outside AI and tech fell.

The Dow Jones Industrial Average was mostly unchanged as of 1:52 p.m. Eastern time.

European indexes dropped sharply, with many sinking more than 1%, including 1.1% in Paris.

The losses followed violent weekend protests that could push governments to spend more.

This would add pressure on their bond markets.

Yields rose for European bonds, and French yields climbed more than German ones on worries about France's strained budget.

Much of the spending on AI chips and data centers has come from borrowed money.

Treasury yields have recently hit their highest levels in years or even decades, raising borrowing costs for everyone.

CoreWeave borrows to buy AI chips it rents out over the cloud.

Its stock rose 2.8% Monday after tumbling 25.2% last week.

Nvidia added 1.3% and was one of the strongest forces lifting the S&P 500.

AI stocks rose ahead of profit reports later this week that could show more about the strength of AI spending.

Meta Platforms and Lam Research will report Wednesday.

Analysts expect overall growth of 29% for S&P 500 companies from the prior summer, according to FactSet.

In other markets, South Korea's Kospi jumped 1.8%, recovering some of its 14.5% drop last week.

The 10-year Treasury yield climbed to 5.14% from 5.09% late Friday.