Nasdaq 100 E-mini futures climb 1.12% as Amazon earnings beat lifts chip and AI infrastructure shares
Nasdaq 100 futures rose as Amazon's Q2 results, particularly accelerating AWS growth, reinforced confidence in AI-driven capex and cloud demand. Strength extended to chips and AI infrastructure after outsized moves in storage and semicap names, lifting broad U.S. equity risk appetite despite mixed U.S. macro data. Near-term focus shifts to consumer sentiment and labor-cost releases for implications on rates and tech multiples.
Affected assets
NCSINASDAQ1002USD/USDT+0.88%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▲ Bullish
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Nasdaq 100 futures (NQU26) rose 1.12% in early trading after Amazon’s Q2 results beat expectations and AWS posted a fifth straight quarter of faster revenue growth. Storage-chip names also surged, with SanDisk up about 26% and Micron Technology up more than 18%, supporting broader strength in AI infrastructure-linked stocks. The move directly lifted Nasdaq 100 index futures and related constituents.