The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

Stocks•8 June 2026•

2 min read

US Futures Rise as Chip Stocks Rebound Ahead of Key Tech Earnings

Key Facts

1S&P 500 futures rose 0.39% and Nasdaq 100 futures gained 0.67% as chipmakers extended their rebound.

2Marvell shares surged following the announcement that the AI chip designer will join the S&P 500.

3Investors are awaiting earnings from Oracle and Adobe, alongside the start of Apple's annual developers conference.

Following a period of intense selling pressure, US markets are showing signs of recovery as investors pivot back toward growth drivers in the technology and AI sectors. S&P 500 futures rose 0.39%, while Nasdaq 100 futures gained 0.67%, driven by a significant rebound in semiconductor stocks. Marvell shares surged in pre-market trading following the announcement that the AI chip designer will join the S&P 500 index, while traders await the start of Apple's annual developers conference and earnings reports from Oracle and Adobe.

This improvement comes as Big Tech firms look to regain momentum; MSFT closed at $411.74 and META at $585.39 on June 8, 2026, per market data. Compared to the previous quarter, markets are looking to Oracle's (ORCL) results to gauge the sustainability of cloud infrastructure demand, especially after the company posted 7% revenue growth in its last fiscal report (per historical earnings data). Investors are also monitoring peers like Alphabet, with GOOGL closing at $363.31.

Regarding recent price action, AAPL stood at $301.54 and ADBE at $244.99 as of the June 8, 2026 close. Traders should watch support levels for Marvell (MRVL), which hit a low of $281.36 in the previous session before its recent bounce. On the macro front, the economic calendar points to upcoming US inflation data later this week, which will be a critical catalyst for interest rate expectations ahead of the next Federal Reserve meeting.