Nasdaq 100 futures are up around 2.2 percent, with S&P 500 futures near 0.8 percent.
After a few bruising sessions, the AI trade found its footing again... and it found it in a convincing way.
The same worry that dragged tech lower last week, that AI spending had run ahead of the numbers, just got answered by the numbers.
Micron (MU) is the story. Up roughly 18 percent premarket on record results, with an outlook strong enough to remind everyone why memory sits at the heart of the AI build-out.
Qualcomm (QCOM) joined in, up about 12 percent on its data center push.
What does it mean when the leaders move together like this..
I am not declaring all-clear before the inflation number, but I like what the tape is telling me.
Strength tends to beget strength.
-Greg
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