Nasdaq Leads Gains as Wall Street Awaits AMD, SpaceX Earnings

Nasdaq futures climbed 0.7% ahead of AMD's Q2 earnings report, while S&P 500 and Dow futures rose 0.1%. The gains follow strong earnings from Palantir and Snap, which reinforced optimism around AI spending.

Despite the broad market momentum, retail traders remain wary, with a 'bearish' sentiment on SPY and QQQ. On the geopolitical front, investors parsed conflicting headlines from Washington and Tehran, while Meta, Anthropic, Google, and OpenAI executives are set to meet White House officials on AI safety testing.

Palantir's shares soared 15% in early premarket trade after beating earnings expectations and raising its outlook. Snap's stock rose 9% on strong Q2 advertising and subscription growth.