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● LIVE Updated 17d ago · 13 sources tracked

Micron, AMD Lead Chip Stocks Rally On U.S.-Iran Deal

U.S. stock futures surged in pre-market trading on June 16 after reports of a temporary U.S.-Iran peace deal and the reopening of the Strait of Hormuz. Micron and AMD led chip stock gains, while broader tech and AI sectors rallied as geopolitical risks eased and oil prices dropped. The Nasdaq 100 futures climbed 2.18%, outpacing S&P 500 and Dow gains. Markets remain volatile amid mixed signals on the deal’s permanence.

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What changed

Pre-market futures data now confirms broader market gains tied to the Iran deal, with chip stocks leading the rally after initial reports of a deal on June 15.

Live updates

  1. Micron, AMD rally as U.S.-Iran deal lifts chip stocks, eases oil fears

    U.S. stock futures surged in pre-market trading on June 16 after reports of a temporary U.S.-Iran peace deal and the reopening of the Strait of Hormuz. Micron and AMD led chip stock gains, while broader tech and AI sectors rallied as geopolitical risks eased and oil prices dropped. The Nasdaq 100 futures climbed 2.18%, outpacing S&P 500 and Dow gains. Markets remain volatile amid mixed signals on the deal’s permanence.

    What's confirmed:

    • Dow futures rose 0.91%, S&P 500 futures gained 1.31%, and Nasdaq 100 futures climbed 2.18% in pre-market trading on June 16, driven by eased geopolitical risks from the U.S.-Iran deal.
    • Micron and AMD led chip stock rallies as investors bet on reduced supply chain disruptions and lower oil prices from the Strait of Hormuz reopening.
    • International oil prices fell sharply following reports of the U.S.-Iran agreement, easing inflation concerns and boosting tech and airline stocks.
    • The Nasdaq Composite closed up 2.54% on June 15 after President Trump canceled planned military strikes against Iran, marking the index’s best day since March 2026.
    • Memory and storage chip stocks surged on June 15 after the U.S. and Iran announced a peace deal reopening the Strait of Hormuz.

    Still unconfirmed:

    • SoftBank surged over 10% in Asian markets on June 16 amid the Iran deal, though no U.S. pre-market confirmation is available.
    • A ‘solid breakout’ in DRAM stocks (including WDC, MU, STX, SNDK) is cited as a key driver, but no second source verifies the technical claim.
    • Nvidia is listed as a major winner in some reports, though its pre-market movement lacks explicit confirmation in primary sources.
    confidence 93%