US Stocks | Nasdaq futures surge 2% as chip outlook calms AI jitters; inflation data awaited

US Nasdaq futures surged around 2% after Micron and Qualcomm delivered strong AI-driven earnings outlooks, with customers committing about $22 billion to secure Micron memory chips and Qualcomm forecasting $15 billion in data centre revenue by 2029. Micron jumped 18% premarket and Qualcomm rose 11.5%, lifting tech shares across Asia and Europe. Falling oil prices further buoyed sentiment, though traders remained cautious ahead of the US PCE inflation print expected at 4.1% YoY, with markets pricing in a possible 25 basis point Fed rate hike as early as September.