US chip stocks rebound lifts S&P 500 and Nasdaq futures

On Monday, after a sharp sell‑off on Friday, US chip makers rebounded, lifting equity futures. Nvidia, Broadcom and Micron gained 1.5‑3.9% in pre‑market trade, helping S&P 500 e‑mins rise 0.35% and Nasdaq‑100 e‑mins climb 0.69%; the Dow e‑mins slipped 0.09%.

The Friday decline erased about $1 trillion of market value for US‑listed chipmakers and was spurred by stronger‑than‑expected jobs data that revived expectations of tighter monetary policy. Analysts described the correction as “healthy” and reaffirmed confidence in AI‑driven growth.

Market sentiment stayed cautious amid renewed Middle‑East conflict, with oil prices above $95 a barrel and investors pricing a modest chance of a Fed rate hike in December. Other moves included a 6.6% jump for Marvell ahead of its S&P 500 inclusion and a 4.1% gain for Eli Lilly on trial results.