US stocks today: Wall Street rebounds as AI stocks recover despite Iran war worries

US equities rebounded on Thursday as technology and AI-linked stocks recovered from earlier weakness, signaling renewed investor appetite for the sector despite persistent macroeconomic headwinds. The recovery suggests that tactical selling earlier in the week may have created near-term entry points for semiconductor and AI infrastructure plays.

Semiconductor manufacturers like AMAT and MRVL benefited from the sector-wide rally, indicating that chip-demand narratives remain intact despite geopolitical uncertainty. The fact that AI stocks rebounded despite Iran tensions reflects investor differentiation between macro risk and company-specific growth catalysts.

The bounce in technology masks an underlying tension in the market: geopolitical risk premium (war concerns) is being weighed against technology sector momentum and earnings expectations. This bifurcation suggests investors are selectively rotating into perceived "safe" growth assets rather than broad risk-on positioning.

Sector implication: Technology remains the dominant narrative, but shallow breadth and continued macro headwinds (geopolitical, inflation expectations) mean rallies may face near-term resistance. The recovery is constructive but lacks conviction, positioning it as a tactical bounce rather than a trend reversal.