Big tech stocks mostly jumped in overnight trading. Palantir, Oracle up around 2%; AMD, Super Micro, Amazon, Microsoft up over 1%.
Chip stocks, ETFs rallied in overnight trading. Credo up 4%; Marvell, SOXL, SanDisk, Western Digital up over 2%.
Novo stock jumped about 5% in overnight trading as its rival Hims & Hers on Saturday reversed course on its launch of a $49 compounded version of Novo Nordisk's Wegovy weight-loss pill after the U.S. Food and Drug Administration said it would take action against it. Hims & Hers shares sank 14% in overnight trading.