Tech Stocks, AI Spending Drive Nasdaq Futures Rebound
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- Nasdaq futures rose as tech stocks led a sharp Wall Street rebound, with chip stocks bouncing back to give equities a reprieve after a volatile stretch.
- Big Tech AI spending showed no sign of letting up, driving expectations of further gains across the Nasdaq, Dow, and S&P 500.
Why it matters: Big Tech's sustained AI capital expenditure is keeping tech-heavy indices bid, and Bloomberg's framing of a chip "reprieve" after a "heady month" signals this bounce is relief-driven rather than a fresh leg up — chip stocks had been the market's weak point, so their recovery is what unlocked broader risk-on positioning.
