US equity futures were mostly higher on Monday, supported by renewed strength in heavyweight chipmakers. S&P 500 futures rose 0.4%, Nasdaq 100 futures gained nearly 1%, and Dow futures hovered around the flatline at record levels.
Memory-chip stocks advanced sharply ahead of Samsung’s sales update and the start of US trading for SK Hynix on Friday. The move extends last week’s volatile momentum, as aggressive guidance upgrades clash with mounting concerns that the AI sector is becoming overbought. Those worries are underscored by Meta’s move to sell excess compute capacity and by newly issued SpaceX bonds trading at high-yield levels soon after its record-setting IPO.
Micron and SanDisk traded higher in premarket action. Nvidia also gained after its assembly partner Hon Hai Precision signaled that AI demand continues to accelerate. Outside of semiconductors, broader sectors were largely steady following last week’s outperformance.
Investors are now focused on Wednesday’s release of minutes from a divided FOMC, which may shed light on how policymakers are weighing inflation risks against a still-resilient labor market.
