The S&P 500 futures currently trade two points above fair value.
Advanced Micro Devices (AMD 211.84, +8.13, +4.0%) trades higher again today after being upgraded to Buy from Hold at Jefferies, with a target of $300.
The stock dominated corporate headlines yesterday after announcing a major deal with OpenAI, closing with a 23.7% gain and prompting growth among its peers in the semiconductor space.