U.S. stock futures rise as chip shares rebound before Nvidia earnings

Traders Union
All News
Financial News
US futures rise before Nvidia

Highlights

Nvidia rises 1.6% premarket ahead of earnings, while Marvell Technology gains 5%, Intel 4.9%, Micron Technology 3.9%, and iShares Semiconductor ETF 2%.
Dow E-minis rise 34 points (0.07%), S&P 500 E-minis 19.5 points (0.26%), and Nasdaq 100 E-minis 169.25 points (0.59%) as chip stocks rebound.
Benchmark 10-year Treasury yield eases to 4.6533% after a 16-month high, while Brent crude futures slip 1.8% to $109.29 a barrel amid Middle East tensions.

Chip rally and earnings focus

As reported by Reuters, Nvidia rises 1.6% in premarket trading before its earnings release due after the closing bell, with investors looking for evidence that spending on AI infrastructure remains strong enough to justify high valuations across technology stocks.

The broader semiconductor sector also advances, helping lift equity futures. Marvell Technology gains 5%, Intel adds 4.9%, Micron Technology rises 3.9%, and the iShares Semiconductor ETF climbs 2%.

At 05:39 a.m. ET, Dow E-minis rise 34 points, or 0.07%, S&P 500 E-minis gain 19.5 points, or 0.26%, and Nasdaq 100 E-minis add 169.25 points, or 0.59%.

Yields, oil and rate expectations shape sentiment

Recent pressure on U.S. stocks follows a selloff in global bond markets that pushes yields higher and adds strain to equity valuations. The benchmark 10-year Treasury yield, after touching a 16-month high of 4.687% in the previous session, eases to 4.6533% on Wednesday.

Traders also increase bets that the Federal Reserve could raise interest rates at the turn of the year as the conflict in the Middle East pushes oil prices higher and revives inflation concerns. Markets now price in a more than 40% chance of a 25-basis-point rate increase in December, according to CME's FedWatch tool, while expectations for a 50-basis-point move that month rise to 13.5% from 4.2% a week earlier.

Brent crude futures slip 1.8% to $109.29 a barrel after U.S. President Donald Trump again says the war with Iran would end "very quickly." Even so, investors remain cautious about peace talks as disruptions to Middle Eastern supply continue.

Among other notable movers, Analog Devices climbs 3.8% after saying it will acquire Empower Semiconductor for about $1.5 billion in cash, expanding its AI-focused power management portfolio.

In our earlier article on Nvidia’s fiscal Q1 2026 earnings release, we outlined why the report is seen as a key read-through for AI infrastructure demand and the valuation backdrop for major tech stocks. We also noted Nvidia’s plan to open a new AI research hub in Singapore and highlighted intensifying competition from rivals and in-house chips at large cloud providers—factors investors weigh alongside guidance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.