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Nasdaq futures rise as SK Hynix lifts chip stocks and traders await Fed decision, Big Tech earnings: Live updates

Nasdaq futures are up 0.40% as SK Hynix's record earnings boost chip stocks, while investors await the Federal Reserve's rate decision and Big Tech earnings reports. SK Hynix's quarterly profit jumped over sevenfold, lifting memory-chip stocks like Micron Technology and Western Digital. The broader semiconductor segment, including Nvidia and AMD, also saw gains.

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  • ✓ SK Hynix's quarterly profit jumped over sevenfold.
  • ✓ Nasdaq 100 E-Mini futures are up 0.40%.
  • ✓ Micron Technology gained 4.2% in premarket trading.
  • ✓ Western Digital rose 5.1% in premarket trading.
🛡️ Source Corroboration: 9 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

SK Hynix's record earnings report led to a surge in chip stocks, boosting Nasdaq futures.

Live updates

  1. Nasdaq futures rise on SK Hynix earnings, ahead of Fed decision

    Nasdaq futures are up 0.40% as SK Hynix's record earnings boost chip stocks, while investors await the Federal Reserve's rate decision and Big Tech earnings reports. SK Hynix's quarterly profit jumped over sevenfold, lifting memory-chip stocks like Micron Technology and Western Digital. The broader semiconductor segment, including Nvidia and AMD, also saw gains.

    Why it matters

    The Federal Reserve's rate decision is a key event that could impact the market. Big Tech earnings reports are also due, which could influence the AI trade. SK Hynix's earnings report has sparked a fresh wave of buying in chipmakers and other AI-related stocks.

    What is confirmed

    • SK Hynix's quarterly profit jumped over sevenfold.
    • Nasdaq 100 E-Mini futures are up 0.40%.
    • Micron Technology gained 4.2% in premarket trading.
    • Western Digital rose 5.1% in premarket trading.
    • Nvidia was up 0.8% and AMD climbed 1.8%.

    Still unconfirmed

    • OpenAI plans to buy Google's AI chips.

    What to watch next

    • Federal Reserve's rate decision
    • Big Tech earnings reports
    • SK Hynix's US-listed shares performance
    Sources used for this update (9)
    1. CNBC — Stock futures are little changed as traders await Fed decision, Big Tech earnings: Live updates
    2. WSJ — Stock Market Today: Stock Markets Mostly Higher Ahead of Fed Rate Decision
    3. Yahoo Finance — SKHY Stock Jumps Premarket: Strategist Says SK Hynix Sits At AI’s ‘Toll Booth’ As Tech Giants Chase Scarce Memory
    4. Fortune — Tech stocks are poised to move higher following record earnings from chipmaker SK Hynix
    5. Seeking Alpha — AM Markets Need to Know: SK Hynix surges on record profit, U.S.-Russia weigh oil deals, and more (SPX:)
    6. finance.yahoo.com — Nasdaq Futures Climb as SK Hynix Adds Fuel to Chip Rally; Fed ...
    7. www.kitco.com — Nasdaq futures gain as SK Hynix lifts chips ahead of Fed ...
    8. www.analyticsinsight.net — Nasdaq, S&P 500 Futures Gain as Chip Stocks Rally Following ...
    9. www.schaeffersresearch.com — Nasdaq Futures Rise on SK Hynix Earnings Blowout
    confidence 85%
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