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Tech stocks rose on Monday morning amid tentative optimism ahead of a flood of Big Tech earnings this week.

Results from Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon (AMZN) highlight the calendar, while reports from key chipmakers like SK Hynix (SKHY) and Qualcomm (QCOM) also factor in.

All eyes will be on capital expenditures numbers after Alphabet's (GOOG, GOOGL) capex guidance spooked investors who are growing concerned about free cash flow amid the AI spending boom.

Meanwhile, Nvidia (NVDA) is reportedly in talks with OpenAI (OPAI.PVT) to provide $250 billion in financing for a data center project in Ohio, once again raising questions about circular financing in the AI industry.