AI Chip Stocks Lead, Oil Dips; Nvidia, Micron, Marvell, Delta, United in Focus
Wall Street looks set for gains on Monday, with stocks tied to artificial intelligence and falling energy prices leading the premarket action. U.S. futures moved higher after Reuters said Washington and Tehran reached a tentative Iran deal to end the war and reopen the Strait of Hormuz. Oil fell to its lowest in three months on the news. Investors tend to buy stocks on hopes for stronger earnings or less risk, and sell if the outlook for profits, multiples or confidence slips. In today’s trading, chipmakers are picking up as capital flows back to AI plays. Airlines are also up as lower fuel prices boost profit margins.
