Futures tracking US equity indices were higher on Monday after sharp losses last week, as the chip sector stabilized.
Contracts for the S&P 500, Dow, and Nasdaq 100 were around 0.4% higher, with the latter having tested over two-month lows last session.
Heavyweight tech stocks were mostly higher as markets continued to gauge whether AI hyperscalers are due to slow spending on AI infrastructure in the next quarters, which have been the source of guidance upgrades for booming chip-manufacturing sector.
Alphabet is due to report their outlook on Wednesday, the latest bellwether for both chip and software development capital expenditure.
Fuel and energy prices were still elevated amid escalated attacks between Iran and the US in the Middle East, erasing hopes of energy exports from the region.
Still, yields held their pullback and remained below their recent peaks.
Credit-sensitive bank holding companies remained higher from last week following strong earnings from the sector.