Dow Futures rose 0.21%, S&P 500 Futures rose 0.47%, Nasdaq Futures rose 1.01% as sentiment leaned cautiously optimistic.

CoreWeave rose 12.62%. The stock rallied on stronger-than-expected results and a higher full-year outlook.

Nebius gained 9.79%. Shares advanced after CoreWeave’s results boosted AI cloud sentiment.

Iren climbed 5.37%, Cipher Mining rose 4.75%, Applied Digital 4.32%. The move tracked a rebound in neocloud peers following CoreWeave’s improved outlook.

Rigetti Computing fell 4.94%. Shares slid after quarterly revenue missed and guidance came in below expectations.

Chip stocks rose, with Direxion Daily Semiconductors Bull 3x Shares rising 8.85%, Marvell Technology rising 3.95%, Astera Labs rising 4.61%, AMD rising 3.28%, ASML rising 2.45%, Broadcom rising 2.84%, Intel rising 2.46%; Cerebras Systems rising 2.61%; Nvidia rising 1.82%.

Memory chip stocks rose, with Roundhill Memory ETF rising 3.99%, SanDisk rising 3.06%, Micron Technology rising 3.05%, Western Digital rising 2.40%.

Optical communication stocks rose, with Lumentum rising 4.09%, Credo Technology rising 4.78%, Coherent rising 4.55%, Applied Optoelectronics rising 3.75%.

Among other individual movers, Dell rose 3.20%, Bloom Energy rose 4.42%, Oracle rose 2.81%.