Nasdaq Futures Rise Premarket As SpaceX AI Boom Lifts Chip Stocks: SMCI, TSLA, META, IBM, CRWV, NFLX, BE In Focus

• Nasdaq futures get a premarket boost as blowout earnings and commentary from SpaceX boost chip stocks.

• All eyes will be on Meta, IBM, and Tesla earnings due after the bell today.

• Brent crude crossed $110/barrel as Iran’s Revolutionary Guards have reportedly blocked tankers in the Strait of Hormuz, while the U.S. has acknowledged that a peace deal remains “difficult.”

U.S. stock futures were mixed early on Wednesday as investors digested the market recovery in the previous session, led by SpaceX’s blowout earnings report and a raised outlook from Super Micro Computer.

As of 4 a.m. ET, Nasdaq futures rose 0.7%, S&P 500 futures gained 0.2%, while Dow and Russell 2000 futures were flat.

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