Dow Futures rose 0.01%, S&P 500 Futures rose 0.16%, Nasdaq Futures rose 0.42% reflecting a broadly risk-on tone.

Credo Technology Group Holding Ltd (CRDO) surged 5.86%. The move came amid a semiconductor rebound.

JetBlue Airways jumped 3.38%. Shares reacted to Q3 results and a reaffirmed plan to return to operating profit next year.

Lumentum climbed 2.67%. Optical names rallied following Anthropic's IPO filing.

NEBIUS gained 2.17%. A director disclosed buying 770 Class A shares totaling about $122,438.

Cadence Design advanced 2.16%. It raised guidance on 22% Q3 revenue growth and an $8.2 billion backlog.

Intel rose 1.60%. The company agreed to acquire Classiq to build a full-stack quantum computing platform.

Broadcom gained 1.29%. It arranged $63 billion financing with partners to supply Anthropic with AI hardware.

Applied Materials (AMAT) rose 1.15%. It lifted its Besi stake to about 20% while forgoing board representation.

Chip stocks rose, with ARM Holdings rising 1.55%, Marvell Technology (MRVL) rising 1.16%, Advanced Micro Devices (AMD) rising 1.10%, Cerebras Systems (CBRS) rising 1.04%.

Memory chip stocks rose, with SK Hynix rising 2.75%; SanDisk Corp. rising 2%, Micron Technology (MU) rising 1.33%.

Optical communication stocks rose, with Applied Optoelectronics (AAOI) rising 3.79%, AXT Inc rising 3.13%, Coherent rising 2.42%.

Elsewhere, CoreWeave, Inc. rising 2.92%, APPLIED DIGITAL CORP (APLD) rising 2.02%.

Among other individual movers, Bloom Energy Corp (BE) rising 2.65%, IREN Ltd rising 2.48%.