Stock Market Update
20-May-26 08:25 ET
Futures point to higher open as chipmakers poised for gains
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +33.00. Nasdaq futures vs fair value: +225.00.
The S&P 500 futures currently trade 33 points above fair value.
Large chipmaker names are poised for solid opening gains after a stretch of lower finishes as the market looks toward NVIDIA's (NVDA 224.13, +3.52, +1.6%) earnings release after the close.
On a related note, Alibaba (BABA 135.87, +0.23, +0.2%) has unveiled a new AI chip that it says is three times more powerful than its previous model.
