Futures tracking the S&P 500, Dow and Nasdaq have climbed to the highs of the day as sentiment improves with less than 3 hours until the opening bell rings on Wall Street. Buyers are returning to Big Tech,

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.

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.

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.

The firm says there are ample opportunities to buy beaten-down, AI-resistant stocks at attractive valuations.

Oracle climbed 9% and Microsoft gained 3%. Nvidia and Meta each added more than 2%. Alphabet inched higher. Amazon shares sank slightly. Oracle got a boost from D.A. Davidson 's upgrade on the stock.

Buying these world-class tech stocks amid the recent sell-off could pay off handsomely over the coming years.

The S&P 500 has been churning between 6,700 and 7,000 for months as rotation out of high-flying technology stocks has been offset by rotation into less-exciting baskets, including energy, health care, and consumer staples. The drop in tech stocks may have some looking for a buy-the-dip moment, but legendary fund manager Bill Gross isn’t among them.

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%.

Wall Street closed higher on Tuesday, with tech stocks leading the charge.