CHAT is trading 1.4% higher in pre-market action, rebounding after a sharp -7.4% decline on June 23 that followed a global tech and AI-focused selloff.
- Information technology names are stabilizing as investors reassess the severity of the recent AI and semiconductor de-rating.
- Nasdaq-100 futures are trending higher with no major economic data releases scheduled until the PCE inflation report tomorrow.
- The previous session's downward pressure was exacerbated by weak IT consulting outlooks impacting broader sentiment.