Nasdaq futures surge 200 points: 5 things to know before Wall Street opens

Impact · against what's priced in

The news is marginally positive for the semiconductor complex as it provides evidence that AI infrastructure spending is accelerating, though most of this is already reflected in MU's price. For NVDA and AMD, the update reduces the risk of a near-term capex plateau, pushing them slightly closer to the bull cases the market currently declines.

AMD+0.20

Challenges what's priced in

The price assumes