The S&P 500 futures currently trade 30 points above fair value.
Advanced Micro Devices (AMD 461.08, +11.49, +2.6%) is collaborating with partners in Taiwan to ramp up CPU production amid high global demand, according to Reuters.
Chipmakers are trending higher in the premarket, with NVIDIA (NVDA 220.65, +1.14, +0.5%) poised to recoup a portion of yesterday's weakness.