Wall Street Bounces Back Amid Tech Investment Concerns

U.S. stock index futures rose after last week's selloff, despite concerns over Apple's $500 billion AI investment. Chip stocks surged, with Nvidia's upcoming results in focus. Economic data remains pivotal as financial stocks rally. Apple and mega-caps see moderate gains.

U.S. stock index futures experienced a rebound on Monday, recovering from a sharp decline the previous week, even as Apple's substantial $500 billion plan for AI investments raised alarms over Big Tech's spending habits. Major chip stocks like Nvidia and Micron saw increases of over 1.2% each.

Investors are keenly anticipating Nvidia's quarterly results due on Wednesday, as the semiconductor sector comes under the spotlight. Nvidia's performance is expected to influence Wall Street's sentiment, especially with competitive pressures from China's DeepSeek. Despite economic concerns, Amazon.com and Microsoft registered premarket gains.

Financial data expected this week includes the Personal Consumption Expenditure index, with potential interest rate implications. Meanwhile, stocks such as Berkshire Hathaway surged post-record profits, while Nike's rating upgrade lifted its shares. All eyes are on President Trump's impending tariff decisions as his temporary tariff reprieve nears expiration.