Nasdaq futures are starting June on a high note, with tech giants and AI stocks leading the rally. Companies like Apple, Meta, and Alphabet are showing notable performances, while Nvidia’s new AI chip platform has investors excited.
On Monday, Nasdaq futures led gains on Wall Street, with megacap growth stocks bouncing back from Friday’s losses. Apple, Meta, and Alphabet saw gains in premarket trading, along with a 2.7% jump for Nvidia following the announcement of its next-generation AI chip platform.
Despite a slight dip in the technology sector on Friday, the S&P 500, Dow, and Nasdaq all ended May with strong gains. Wall Street remains optimistic about easing monetary policies and strong earnings, with investors eyeing potential interest rate cuts by the Federal Reserve in September.
Key economic data expected this week will provide insights into the health of the U.S. economy, including surveys on the manufacturing and services sector, factory orders, and the nonfarm payrolls report on Friday. Analysts are optimistic about continued risk sentiment supported by solid earnings and lower rates.
GameStop, AMC, and Tupperware stocks saw significant increases, driven by a Reddit post from influencer Keith Gill and positive market sentiment. Advanced Micro Devices unveiled new AI processors and plans to compete with Nvidia, while Waste Management announced a $7.2 billion deal to acquire Stericycle.
Other companies like Paramount Global, Arm Holdings, and Skydance Media are making significant moves in the market, reflecting a dynamic start to June for investors.
Keep an eye on the latest developments in the tech and AI sectors, as well as the broader market trends that could impact your investment decisions in the coming days.
