US Stocks | Nasdaq Futures Surge 2% As Chip Outlook Calms AI Jitters; Inflation Data Awaited

Positive Momentum in Indian Markets as US Futures Climb

Indian stock markets are gearing up for a strong start, buoyed by a notable rise in US futures, particularly a 2.24% increase in the Nasdaq. This surge has been fueled by optimistic forecasts from major memory chip players Micron and Qualcomm, who are seeing robust demand driven by artificial intelligence. Both companies experienced significant gains in pre-market trading, reflecting renewed investor confidence.

As market participants keep a close eye on upcoming US inflation data, there’s a palpable sense of hope that it will bolster the ongoing rally and alleviate fears surrounding potential interest rate hikes. The outcome of this data could play a crucial role in shaping market dynamics in the near future.