U.S. Stock Futures Rise on AMD’s AI Demand Comments Amid Shutdown Resolution Hopes
U.S. stock futures climbed early Wednesday as Advanced Micro Devices CEO Lisa Su highlighted "insatiable AI demand" during the company's Financial Analyst Day. The Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures rose 0.60%, 0.35%, and 0.16% respectively, buoyed by Optimism around AI growth and potential government shutdown resolution.
Tuesday's trading saw mixed results: The Dow hit record highs with a 1.18% gain driven by consumer and healthcare stocks, while the Nasdaq dipped 0.25% amid Nvidia's sell-off following SoftBank's $5.83 billion stake liquidation. Post-market, AMD surged 4.8% after outlining ambitious plans to capture a $1 trillion computing market by 2030.