NVIDIA Leads Pre-Market Gains Among Magnificent Seven as AI Stocks Rebound from Pullback

Deep News12-19 20:25

NVIDIA is leading pre-market gains among the U.S. tech "Magnificent Seven" as investors reposition in key artificial intelligence (AI) stocks following a recent sector-wide pullback driven by funding concerns.

NVIDIA rose 1.5% in pre-market trading, while Tesla gained 1.1%, Alphabet climbed 0.4%, Meta edged up 0.1%, Microsoft advanced 0.3%, Apple inched up 0.1%, and Amazon increased 0.5%.

Nasdaq 100 futures rose 0.5%, and S&P 500 futures gained 0.3%.

Data center stocks, which faced heavy selling recently, rebounded in Friday's pre-market session, with Oracle and CoreWeave both rising around 5%.

After declining 2.1% on Wednesday, the equal-weighted basket index of the Magnificent Seven rebounded with a 2% gain on Thursday.

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