By George Glover

Tech stocks were rebounding on Thursday after President Donald Trump signed a memorandum of understanding to end the Iran war.

Futures tracking the Nasdaq 100 rose 0.8%, putting the tech-heavy index on track to claw back some of its losses from the previous session.

Intel jumped 8.8%, making it the S&P 500's best performer ahead of the opening bell. President Donald Trump said early Thursday that the chip manufacturer had won a deal with Apple.

Apple's own shares climbed 0.5% after outgoing CEO Tim Cook said the iPhone maker would have to raise prices to offset rising memory-chip costs. Micron Technology rose 4.4%, putting the memory-chip maker on course for a record high, while flash memory product supplier Sandisk added 4% and hard disk drive maker Western Digital gained 5%.

These stocks were also making moves in premarket trading:

Rumble popped 15% after the video-sharing platform said it would change its name and tweak its business structure as part of an AI pivot.

Smith & Wesson Brands soared 16% after reporting a higher fourth-quarter profit, as demand for handguns surged.

SpaceX was missing out on the tech rally. The stock slid 0.7%, having slipped about 5% on Wednesday -- the first time the rocket and AI company has closed in the red since its trading debut Friday.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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June 18, 2026 07:20 ET (11:20 GMT)

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