EL7.AI
StocksMediumUpdated•Originally published 29 May 2026•Updated 29 May 2026•
2 min read

US Futures Hit Record Highs Driven by Dell AI Surge and Geopolitical Optimism

Key Facts

1S&P 500 futures rose 0.1%, on track for their ninth consecutive weekly gain.
2Dell shares surged about 30% in pre-market trading after raising its sales outlook due to AI server demand.
3Oil prices declined with WTI falling to $87.44 and Brent trading around $92.

Amid rising optimism over geopolitical de-escalation, US stock futures reached new record highs as markets price in a potential deal involving Iran. S&P 500 futures edged up 0.1%, positioning the index for its ninth consecutive weekly gain. In the tech sector, Dell shares surged about 30% in pre-market trading after the company raised its sales outlook due to massive demand for AI servers, while oil prices retreated with WTI falling to $87.44 and Brent trading near $92.

This momentum comes as mega-cap tech firms show mixed performance, with hardware providers like Dell and Nvidia benefiting most from AI infrastructure expansion. Compared to peers, companies such as HP Enterprise have seen less aggressive server demand growth in recent quarters per market data. Recent economic data has also supported sentiment, including the Core PCE Price Index which came in at 0.2% on May 28, 2026, reinforcing hopes for stabilizing inflation and supporting growth stock valuations.

Traders are currently monitoring support levels for major indices following the record close on May 28, 2026. Looking ahead, the economic calendar shows few major catalysts for the remainder of the day, leaving the focus on the sustainability of the tech rally and diplomatic developments. Oil price movements, which declined as of May 29, 2026, will remain a key factor for energy equities and global inflation expectations in the near term.