US equity futures extended yesterday’s rebound, supported by another strong session for chipmakers and upbeat corporate earnings. S&P 500 and Dow Jones contracts were up about 0.3%, while Nasdaq 100 futures gained nearly 1%.
Amazon jumped more than 10% in premarket trading after reporting a fifth consecutive quarter of accelerating cloud-computing revenue, easing worries that surging AI-related investment might fail to generate adequate returns. The company’s outlook helped reinforce the broader rally in semiconductor names, as investors weigh fears of a potential slowdown in AI infrastructure spending against the sizable long‑term upside for the theme.
Micron and SanDisk advanced, fully reversing their losses from earlier in the week, while AMD rose 4% and Nvidia added 3%. By contrast, Apple fell 7% as chip shortages increased costs and constrained production.
In the energy sector, Exxon Mobil and Chevron traded mixed following their earnings releases, which highlighted the scale of the windfall from higher energy prices linked to the conflict in the Middle East.
