EL7.AI
StocksMedium•19 October 2026•
1 min read

Nasdaq Futures Rise as Semiconductor Stocks Rebound Led by Intel and Nvidia

Key Facts

1Nasdaq futures rose 1.1% as semiconductor stocks rebounded following their worst weekly performance since April 2025.
2Intel shares rose 4.2% in premarket trading following an upgrade from JPMorgan.
3Oil prices declined after President Trump signed an executive order waiving Graham Act sanctions on Russian energy revenues.

Nasdaq futures rose 1.1% as semiconductor stocks rebounded following their worst weekly performance since April 2025. Reuters reported that Intel shares climbed 4.2% in premarket trading after JPMorgan upgraded the stock's rating, while Nvidia rose 1.4% as dip buyers returned to the sector.

Intel (INTC) closed at $89.85 and Nvidia (NVDA) closed at $214.13 on October 16, 2026, while CoreWeave saw a 6% gain following an upgrade from Goldman Sachs. Separately, oil prices declined after President Trump signed an executive order waiving Graham Act sanctions on Russian energy revenues, as JPMorgan closed at $339.72 and Goldman Sachs at $881.26 on October 16, 2026.

Market participants are looking ahead to the release of U.S. Building Permits and Housing Starts data scheduled for October 20, 2026, which may provide further direction for growth and technology equities.