Wall Street Rises as AI Enthusiasm Offsets Economic Worries

U.S. stock index futures climbed as optimism surrounding AI technologies countered concerns about rising oil prices and Treasury yields. Chip stocks like AMD, Marvell, Cerebras, and Intel saw gains, along with megacaps Tesla and Nvidia. Akamai Technologies surged 21% after securing an $11.6 billion cloud services deal with AI lab Anthropic, while Meta's AI application Muse and its integrated device Charm also drove positive sentiment.