S&P500 and Nasdaq 100: Super Micro, Nvidia Lead Tech Stock Surge in US Indices Rebound

Bull Market Momentum Builds as Tech Stocks Lead Pre-Market Rally

 

U.S. stock futures climbed early Wednesday, bolstered by continued investor confidence following a strong start to the week. S&P 500 futures rose 0.2%, Nasdaq-100 futures gained 0.3%, and Dow futures added 84 points.

The S&P 500’s return to positive territory for the year has encouraged bullish sentiment, reinforced by easing trade tensions and renewed interest in risk assets.

Is the Tariff Truce Driving Broader Market Confidence?

A 90-day tariff reduction agreement between the U.S. and China has improved market sentiment, suggesting both sides aim to de-escalate trade frictions. Analysts, including eToro’s Lale Akoner, noted that while structural issues remain, the move signals a mutual desire to avoid further escalation. This has triggered a broader risk-on mood, with investors shifting into equities, particularly in high-growth sectors.

How Are Tech Giants Fueling the Rebound?

Technology stocks remain at the forefront of the rally. The Nasdaq rose 1.6% Tuesday, its fifth straight gain, powered by Nvidia’s 5% jump after announcing it would deliver over 18,000 AI chips to Saudi Arabia.

UBS sees further upside in quality AI names, despite geopolitical risks and ongoing concerns about semiconductor tariffs. AMD and Nvidia each gained about 3% pre-market on fresh Saudi deals and a Bank of America price target lift.

Apple, Amazon, and Goldman Sachs extended their winning streaks, underscoring robust appetite for blue-chip tech and financials.

What Are the Pre-Market Standouts Traders Should Watch?

Super Micro Computer surged another 15% pre-market, building on Tuesday’s 16% gain after a bullish analyst rating.

PVH climbed more than 3% following a Jefferies upgrade, signaling recovery potential in the apparel sector.

UnitedHealth, rebounding 2% after a steep drop, remains in focus after suspending its 2025 outlook.

American Eagle Outfitters slumped 11% following guidance withdrawal and inventory write-downs.

KKR rose nearly 2% on a Morgan Stanley upgrade, supported by improved capital markets prospects post-tariff truce.

What’s the Outlook as the Bull Market Narrative Gains Steam?

BMO Capital maintains a firm bullish stance, labeling the secular bull market in U.S. equities “alive and well.” Their confidence is backed by the strength of the recovery and sustained demand for quality assets.

Traders will be watching for clarity on trade negotiations, further tech earnings, and any updates on policy shifts, particularly around AI and semiconductors.

With broad participation and strong sector leadership, bulls appear to have the upper hand—at least for now.

More Information in our Economic Calendar.