US Futures Rise Despite Nvidia, AMD China Revenue Deal Ahead of Inflation Data

U.S. stock futures showed mixed but cautiously optimistic movements early this week, with the Dow Jones and S&P 500 edging higher while the Nasdaq 100 faced mild declines, largely due to semiconductor stocks Nvidia and AMD falling after agreeing to remit 15% of AI chip revenues from China to secure export licenses. Investors are closely watching key inflation data—the Consumer Price Index on Tuesday and Producer Price Index on Thursday—which are expected to heavily influence Federal Reserve decisions on interest rates at the September meeting. Despite the semiconductor sector's challenges, mega-cap tech companies like Apple, Google, and Tesla demonstrated strength, supporting broader market confidence. The Nvidia and AMD revenue-sharing deal caused some market apprehension but is viewed by analysts like Wells Fargo and JP Morgan as potentially positive in the longer term. Cryptocurrency-related stocks rallied following Ethereum's surge above $4,000, while geopolitical factors, including a Trump-Putin summit and U.S.-China trade developments, added to market complexity. Overall, markets remain near all-time highs, with investors positioning ahead of inflation data and the Fed’s upcoming Jackson Hole symposium.