Nvidia (NVDA, Financial) led gains among major tech stocks in pre-market trading, as U.S. stock index futures showed modest increases. This follows market volatility caused by speculation about Federal Reserve Chairman Jerome Powell's future. TSMC's upward revision of its 2025 revenue growth forecast has bolstered investor confidence in the global AI spending surge, positively impacting semiconductor stocks in the U.S. and Europe.
Among the top seven tech giants, Nvidia rose 0.9%, Meta increased by 0.7%, Amazon and Tesla both gained 0.3%, and Apple also climbed 0.3%. Microsoft remained mostly unchanged, while Alphabet saw a decline of 0.5%. The Bloomberg Equal-Weighted Index of these seven giants has surged 67% in 2024, more than doubling its growth in 2023.
Meanwhile, S&P 500 futures edged up by 0.1%, and Nasdaq 100 futures advanced 0.2%.
