A mix of strong earnings reports from key technology and semiconductor firms boosted investor sentiment in after-hours trading. Texas Instruments and Lam Research both surged after delivering quarterly results and forecasts that surpassed analyst expectations, signaling robust demand in the chip sector.
At the same time, Tesla shares climbed after its own earnings beat and the company highlighted progress in its artificial intelligence and robotics ventures. This collection of positive results from bellwether tech names outweighed disappointing guidance from ServiceNow and provided a strong catalyst for the Nasdaq, suggesting resilience in corporate technology spending.
Market Impact: Nasdaq Futures (NQ) jumped +1.76%, significantly outpacing S&P 500 Futures (ES), which rose +0.89%, and Dow Futures (YM), which were up +0.28%.