By George Glover
The brutal artificial-intelligence selloff that rocked the market on Friday may end up being short-lived.
That was the main story for investors at the start of this week, with tech stocks on track to rally as Wall Street shrugged off an exchange of fire between Israel and Iran.
Chip maker Broadcom climbed 1.5% ahead of the opening bell, having slumped in back-to-back sessions following mediocre revenue guidance. Fellow semiconductor company Advanced Micro Devices added 1.6% server maker Super Micro Computer Inc. gained 7.7%, and Nvidia was up 1.9%. Micron Technology, Lam Research, Seagate Technology, and Western Digital were among the other AI-linked stocks set to open in the green.
These stocks were also making moves in premarket trading:
Apple ticked up 0.3% ahead of the iPhone maker's 2026 Worldwide Developer Conference, which is set to start on Monday.
Eli Lilly jumped 3.9% after the pharmaceutical company said in a release on Sunday that its pill Foundayo was associated with significant weight loss in women at every stage of menopause.
Marvell Technology, the chips and networking company and Flex, an electronics products manufacturer, rose 6.7% and 3%, respectively, after S&P Dow Jones Indices said on Friday that both stocks would join the S&P 500 on June 22.
Write to George Glover at george.glover@dowjones.com
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(END) Dow Jones Newswires
June 08, 2026 06:58 ET (10:58 GMT)
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