US stocks opened collectively higher, with the Dow rising 0.6%, the S&P 500 index up 0.58%, and the Nasdaq up 0.72%. The super micro computer surged over 8%, with the stock accumulating over 78% gains last week, marking the largest single-week increase since the company's US IPO. Tesla rose more than 2%, with the company reaching a "conditional" settlement on the 2020 lawsuit accusing Rivian of poaching employees to steal electric car trade secrets. Intel rose nearly 2%, with the company stating that the US Department of Commerce is set to provide nearly $8 billion in chip act subsidies.