Micron and Qualcomm AI outlook lifts Nasdaq futures 2% as tech stocks rally
Micron and Qualcomm issued upbeat forecasts pointing to strong demand for AI infrastructure, projecting a combined $37 billion in revenue and lifting Nasdaq futures 2% in a single session. Risk appetite improved, with technology shares in Asia and Europe also advancing. Investors are now watching upcoming inflation data and Federal Reserve policy, while a decline in oil prices was cited as a possible easing force on inflation pressures without specific figures.