AI Stocks Fuel Higher Open as Oil Slides Amid Middle East Tensions Easing
The US stock market is set for a higher open on Monday, driven by gains in AI-related stocks and lower oil prices.
Criticism from top AI company bosses last week led to a sell-off, but investors appear to have regained confidence as spending on the technology continues to grow.
Chipmakers such as Intel are rising 5.7%, while Meta and Dell each advanced 2.3% in premarket trading.