Wall Street rebounded overnight, with tech stocks leading the charge as renewed enthusiasm for artificial intelligence offset concerns over potential disruptions caused by the nascent technology.

Speculation regarding AI’s possible impact on a wide variety of sectors has prompted oversized moves in stocks and indexes across myriad sectors in recent weeks, with Monday’s steep decline the latest example of on-again, off-again risk appetite amid these uncertainties.

“The reaction in these stock prices is in anticipation of something changing down the line and [investors] don’t want to be stuck,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.

“We’re not there yet, but nobody wants to be the last one holding the bag on some of these names as they get repriced.”

But all three major US stock indexes moved decisively higher in the session, with semiconductors outperforming.

Artificial intelligence lab Anthropic announced several new plug-ins targeting areas such as investment banking and human resources, weeks after its earlier releases stoked a selloff of traditional software stocks.

The company said its new plug-ins were developed jointly with partners, among them Thomson Reuters, which owns Reuters news agency, Salesforce and FactSet.

FactSet stock rose 7.1%, while US-listed shares of Thomson Reuters jumped 11.7%.

Salesforce advanced 4.7%, among the Dow Jones Industrial Average’s biggest percentage gainers.

“Anthropic’s been busy with announcements that their product is going to do all these new and sort of wonderful things,” Pavlik added.

“It’s still early on in the process and certainly acceptance and the application of these tools is probably still a ways away.”

Monetary policymakers weighed in on AI’s potential impact on the labor market.

Federal Reserve Governor Lisa Cook said the technology could lead to a possible rise in the unemployment rate, while fellow Fed Governor Christopher Waller said he did not expect AI to disrupt the labor market.

The US Supreme Court’s decision on Friday to strike down many of President Donald Trump’s tariffs, and Trump’s subsequent threat to implement a fresh round of levies against goods imported from abroad, remained a source of lingering uncertainties.

“There are still questions about the deals that were in place already,” Pavlik said.

“What happens to those? Are they still happening?”

Reporting with Reuters