American indices recovered on Monday, supported by the increased likelihood of the US government reopening. Reduced political uncertainty gave some relief to markets and brought back risk appetite.
The VIX, the index that measures the implied volatility of the S&P 500 based on options prices, fell to its lowest level in weeks, a sign that investors are less concerned about underlying risks.
In this more constructive environment, technology companies once again led the gains, with emphasis on NVIDIA. The shares advanced more than 6%, prolonging the appreciation trajectory that has characterized the sector linked to artificial intelligence.
The company, which continues to benefit from exceptional demand for its chips and which will present results next week, received an upward revision of its target price from Citigroup, now placed at $220.
The market also reacted to expectations of stronger sales for 2025, reinforcing the idea that demand for specialized computing capacity is still far from slowing down.
Despite the positive moment, doubts remain about the sustainability of the rally if the macro context deteriorates again or signs of saturation emerge in the semiconductor market. Still, for now, investors appear to be focusing on the immediate benefits of political stabilization in Washington and the continued excitement around artificial intelligence.