S&P 500 and Nasdaq Rise as Chip Stocks Stage a Comeback

Stock Futures Steady as Chip Sector Recovery Lifts S&P 500

Stock futures edged higher on Tuesday as chip stocks rebounded, propelling the S&P 500 to its third consecutive winning day. The rally followed stronger-than-expected earnings from AI chipmakers and hints of eased U.S. export restrictions, according to CNBC and Yahoo Finance. The Nasdaq and Dow also saw mixed gains, while oil prices surged after Iran-Israel trade tensions eased.

Chip Stocks Drive Market Momentum

The S&P 500 closed 0.8% higher on Monday, with the Nasdaq gaining 1.2% as chip stocks led the charge. Broadcom Inc. (AVGO) saw its shares climb 4.9% after reporting better-than-expected Q2 results, per WSJ. “The AI-driven demand for semiconductors is reshaping supply chains, and companies that adapt quickly are capturing market share,” said

Jane Lin, a portfolio manager at BlackRock

. “This rebound reflects investor confidence in long-term tech tailwinds.”

Key metrics from the Q2 earnings calls highlight the sector’s resilience. According to the