Chip Rally Lifts Nasdaq 100 and S&P 500 Futures
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Global equity indices are drawing fresh strength from a broad-based semiconductor recovery. Micron and Intel shares extending their rebounds are feeding directly into the Nasdaq 100, which carries heavy weighting toward chipmakers and AI infrastructure names.
The S&P 500 is also benefiting from this rotation, as fading concerns over an AI spending slowdown and the drag from higher interest rates encourage renewed risk appetite. Index futures have tracked the sector's momentum closely this week.
Traders watching global indices should note that continued strength in chip stocks could extend gains across major U.S. benchmarks, while any reversal in sentiment toward AI capex may quickly reverse the trend.