Intel’s pre‑market rally of 4% followed JPMorgan’s upgrade to Neutral, maintaining a $85 price target after the chipmaker’s share price had dipped 36% from its late‑June peak.
Nasdaq Composite climbed 1% early, buoyed by gains in Nvidia, AMD and other AI‑focused names, offsetting a 0.1% dip in the Dow and a 0.5% rise in the S&P 500.
Investors are now primed for earnings from Tesla and Meta Platforms on Wednesday, with expectations that their results will signal the trajectory of broader technology resilience.
Oil prices eased, with Brent falling over 1% to $108 and WTI near $100, dampening energy‑sector momentum and redirecting capital toward high‑growth tech.
U.S. Treasury yields slipped slightly, with the 10‑year hovering at 5.0854% and the 30‑year at 5.4242%, easing risk‑aversion sentiment and supporting equity inflows.
Intel’s upgrade hints at a balanced outlook; analysts anticipate that a solid quarterly report could lift the broader AI segment, but caution that earnings surprises will dictate next‑week volatility.