December S&P 500 E-Mini futures (ESZ26) are up +0.52%, and December Nasdaq 100 E-Mini futures (NQZ26) are up +1.11% this morning as investors cautiously snapped up beaten-down chipmakers and other AI-related stocks, setting a positive tone for a busy week of corporate earnings.
Chip and AI infrastructure stocks climbed in pre-market trading, rebounding from last week’s rout. Intel (INTC) was up over +4%, Marvell Technology (MRVL) was up more than +3%, and Micron Technology (MU) was up over +2%.