Futures were edging higher on Monday as investors loaded up on artificial-intelligence stocks to kick off what could be a quiet week for the market.

Micron climbed 3.4% ahead of the opening bell after Commerce Secretary Howard Lutnick told The Wall Street Journal that the Trump administration doesn't want Apple to buy memory chips from China.

Other memory stocks were also catching a bid. Flash memory manufacturer Sandisk rose 4.9% and storage providers Seagate and Western Digital added 2.6% and 3.7%, respectively.

Chip makers Advanced Micro Devices, Intel, and Marvell, glassmaker Corning, and optical infrastructure providers Coherent and Lumentum were among the other AI stocks rising in premarket trading.

Software stocks were falling, as they often do when the market is buying up chips and memory. Oracle declined 1.3%, ServiceNow slipped 1.4%, Trade Desk dipped 2.3%, and Workday dropped 2.8%.

Alibaba climbed 0.9% after the Chinese online retailer reached an agreement to sell its videogame business for at least $1.5 billion as it looks to keep funding its pivot into AI.

Diana Shipping jumped 7.7% after the Greek shipping company said it would withdraw a bid to buy Genco Shipping & Trading following a takeover battle that lasted nearly a year. Genco shares slid 3.6%.