US equity markets staged a sharp recovery on Thursday, with semiconductor and technology shares leading the advance after a period of volatility.
The rebound was driven by a resurgence in risk-on sentiment, as investors digested strong financial results from major US chip manufacturers and renewed confidence in the artificial intelligence sector's growth trajectory.
2% in pre-market trading, signaling robust buying interest ahead of the open.
Nasdaq futures surged 2.2% in pre-market trading, signaling robust buying interest ahead of the open.
The broad-based rally extended into global equities, reflecting a stabilization in investor appetite for high-growth tech assets.
The move marks a clear shift from the cautious positioning seen in recent sessions, as traders appear to be repricing the near-term outlook for the semiconductor industry.
The recovery follows a period of uncertainty surrounding capital expenditure plans and regulatory scrutiny in the sector.