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Tech stocks rebounded on Monday after a brutal week last week that saw the Nasdaq Composite (^IXIC) drop 4.6% over five days. Memory supply chain bottlenecks that are driving up AI component costs and skepticism over enormous investments in artificial intelligence have rattled tech investors as markets near the midpoint of the year.

A report last week that OpenAI (OPAI.PVT) may delay its initial public offering until 2027 has added to the tumult. According to the report, the reaction to SpaceX's (SPCX) IPO is one reason for OpenAI's caution. Since its blockbuster public debut, SpaceX stock has given up nearly all its post-IPO gains.

Apple (AAPL) stock continued to face selling pressure on Monday after the company announced price hikes on MacBooks and iPads to offset higher memory costs. The supply crunch for memory chips has hit other hardware makers, too, including Microsoft's (MSFT) Xbox.

Alphabet (GOOG, GOOGL) stock, however, jumped 4% as it joined the Dow Jones Industrial Average (^DJI), replacing Verizon's stock in the blue-chip index.

This week will test whether investors continue to take profits on this year's high-flying tech names or buy the dip on some recently beaten-down names.