Big Tech and other superstars of the U.S. stock market are rallying on Monday, as Wall Street recovers most of its loss from last week.

The S&P 500 climbed 1.3% to claw back three-quarters of its drop from last week, which was its first weekly loss in four.

The Dow Jones Industrial Average was up 245 points, or 0.5%, as of 1:15 p.m. Eastern time, and the Nasdaq composite was 2.1% higher.

Nvidia was by far the strongest force lifting the market and rallied 4.8%.

It's a bounceback after Nvidia and other winners in the frenzy around artificial-intelligence technology were at the center of last week’s drop.

Critics say their stock prices shot too high and too fast in the mania around AI, drawing comparisons to the 2000 dot-com bubble that ultimately burst.

Taiwan Semiconductor Manufacturing Co., which makes chips for Nvidia and other companies, saw its stock that trades in United States rise 3.1% after reporting that its revenue climbed nearly 17% in October from a year earlier. While such growth is strong compared with other companies, it’s a slowdown from TSMC’s earlier performance.

Another AI darling, Palantir Technologies, jumped 8.9% for the biggest gain in the S&P 500. That helped it recover some of its loss since it delivered a profit report last week that topped analysts' expectations.