US stocks open higher as Nvidia and Oracle lift the Nasdaq 100 and S&P 500. Traders eye AI spending, tariffs and key earnings for stock market forecast.

Claude, Anthropic's AI chatbot, has sparked major selling of US tech stocks as its capabilities induce fear among investors of widespread disruption.

Shares of Micron Technology have gained nearly 300% over the last year.

Shares of semiconductor companies were helping extend the recovery rally in technology stocks to a second day. The VanEck Semiconductor exchange-traded fund was surging 1.6%, while the iShares Semiconductor ETF was rising 1.

Live Updates Bank of America just reiterated a buy rating on Amazon 2 minutes ago Live Down, but far from out, shares of Amazon (NASDAQ: AMZN | AMZN Price Prediction) are up slightly this morning. That’s after Bank of America reiterated its buy rating on the e-commerce giant.

Micron is one of the world's top memory chipmakers. Its revenue plunged in fiscal 2023 (which ended in Aug. 2023) as the market's previous growth cycle ended, but jumped 62% in fiscal 2024 and 49% in fiscal 2025 as the AI boom generated fresh tailwinds for its business.

Andrew Left says SanDisk is vulnerable to competition from Samsung, which has the power to flood the market with cheaper memory capacity.

It is the 13F season, where investors get a sneak peek into where billionaires are putting their money. One of the top hedge funds, Appaloosa Management, had made significant moves in the fourth quarter.

Mphasis, Infosys, LTIMindtree, HCL Technologies and Tata Consultancy Services (TCS) were the top gainers on the Nifty IT index. All the index constituents rose in the range of 2%-4%.

Despite Oracle’s underperformance relative to the technology sector over the past year, Wall Street analysts maintain a moderately optimistic outlook on its prospects.