Economic TimesLean R·
US Stocks | Nasdaq futures surge 2% as chip outlook calms AI jitters; inflation data awaited
Indian markets are set for a positive opening as US futures surged, led by a 2.24% jump in the Nasdaq. Memory chip giants Micron and Qualcomm's strong forecasts for AI demand have reignited optimism, with both stocks soaring in pre-market trading. Investors are keenly awaiting US inflation data later today, hoping it supports the current rally and eases concerns about rising interest rates.
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