Nasdaq 100 futures climbed 1.1% in Monday premarket trading as investors moved to buy the dip following the index's worst week since late June, when the tech index fell 4.48%.
The gains followed a difficult week for US equities, when concerns about the cost of financing AI infrastructure weighed heavily on technology stocks.
The S&P 500 fell nearly 2% over the same period, while the Dow Jones Industrial Average held up better with a comparatively modest decline.
Monday also marks the 39th anniversary of the 1987 Black Monday crash, though futures pointing higher have done little to encourage comparisons with that episode.
Intel heads the risers
Intel shares climbed over 4% before the opening bell after JPMorgan analysts raised their rating on the chipmaker.
CoreWeave, the AI cloud infrastructure company, gained 3%, while Advanced Micro Devices (AMD) and memory chip maker Micron each rose more than 2%.
South Korean memory chipmaker SK Hynix moved the other way, falling 3% after a brutal week for the broader chip sector.
Dow Jones futures were marginally lower, suggesting the recovery remained largely a technology story.
Investors have one eye firmly on earnings, with 212 companies valued above $2 billion due to report results this week, including Netflix on Tuesday and Tesla on Wednesday.
Any shortfall in AI-related guidance from the major names could quickly revive last week's doubts about the sustainability of the infrastructure spending cycle.
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