Tech Stocks Surge as AI Optimism and Bitcoin Recovery Boost Markets
US equity markets were poised for a positive opening on Monday as declining crude oil prices and constructive U.S.-China trade dialogue boosted technology, artificial intelligence, and cryptocurrency-exposed securities.
Intel (INTC) shares surged over 5% in pre-market trading, with Advanced Micro Devices (AMD), Micron Technology, and Marvell Technology also advancing around 2% each. Meta Platforms (META) climbed approximately 2.7%, driven by strong initial adoption of its newly introduced Muse personal AI assistant.
The rally reflected renewed investor enthusiasm for semiconductor equities following diplomatic engagement between U.S. and Chinese officials on AI policy. Bitcoin's recovery towards the $85,000 level lifted cryptocurrency stocks, with Strategy advancing around 7.5% and Coinbase Global increasing roughly 5%.
Warner Bros. Discovery and Paramount Skydance gained momentum after reports of potential regulatory concessions related to their merger lawsuit. The companies are exploring commitments to California-based film and television production activities, as well as maintaining studio infrastructure within the state.