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Nasdaq Futures Jump as Chip Stocks Gain, Brent Crude Holds Above $100

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Nasdaq Futures Jump as Chip Stocks Gain, Brent Crude Holds Above $100

U.S. stock futures rose on Friday, September 25, as gains in AI-related shares helped offset concern about oil prices and rising Treasury yields.

At 5:15 a.m. ET, Dow futures gained 0.31%, S&P 500 futures rose 0.31%, and Nasdaq 100 futures advanced 0.61%, according to Reuters. 

The stronger Nasdaq move reflected demand for technology shares, while investors also watched for economic data that could shape the Federal Reserve’s next rate decision.

Advanced Micro Devices, Marvell, Cerebras and Intel each gained about 2% in premarket trading. Tesla, Nvidia and SpaceX also edged higher. The moves followed a week of renewed interest in companies tied to AI products and computing.

Akamai Technologies rose 21% before the opening bell after the company signed an $11.6 billion cloud services deal with Anthropic. The agreement gave investors a fresh company announcement to assess alongside the week’s gains in chip stocks.

Meta’s shares were little changed before the bell, though the stock was heading for a fifth consecutive weekly gain. Investor interest in its Muse AI agent helped lift technology shares this week. Meta was also approaching a $2 trillion market value.

Brent crude remained above $100 a barrel on Friday, despite a pullback in oil prices. Investors continued to follow the Iran conflict and the Strait of Hormuz, a key route for oil shipments. Reports that U.S. and Iranian negotiators were exploring a phased path out of the war offered a possible route to reopening the strait.

Treasury yields added pressure. 1% in the Reuters morning report after climbing above 5% this week.


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