Key Takeaways
- An interim U.S.-Iran peace agreement triggered a 2% surge in Nasdaq 100 futures as capital rotated into AI-related equities
- SpaceX climbed 5.6% in premarket trading following its impressive 19% debut performance on Friday
- Memory and storage manufacturers Micron Technology and Sandisk posted significant gains on AI infrastructure optimism
- Energy giants Chevron and Exxon Mobil declined as crude oil prices tumbled on peace deal developments
- Major airlines rallied on expectations of reduced jet fuel expenses following anticipated Strait of Hormuz reopening
Monday morning’s trading session reflected swift market reactions to a weekend breakthrough: an interim peace agreement between the United States and Iran. The development prompted investors to rapidly shift capital from energy holdings into artificial intelligence-focused technology stocks.
Nasdaq 100 futures climbed 2% as market participants repositioned into several of 2026’s strongest-performing assets.
Technology Sector Powers Morning Gains
SpaceX extended its rally with a 5.6% premarket increase. Following Friday’s remarkable 19% trading debut, the continued upward movement signals strong momentum-driven interest from traders.
Space Exploration Technologies Corp., SPCX
Micron Technology advanced 7.4% before the market opened. Sandisk posted a 5.2% gain. Both semiconductor companies are critical suppliers to artificial intelligence infrastructure through their memory chip and flash storage solutions.
Traditional storage manufacturers also participated in the rally. Seagate Technology climbed 7.25% while Western Digital added 5.3%. These firms stand to benefit from expanding data center requirements driven by AI workloads.
Tower Semiconductor surged 4.7% to reach $275.20 in early trading. The semiconductor foundry unveiled a long-term supply agreement with IQE covering Indium Phosphide epiwafers, materials essential for AI-powered data center optical connectivity infrastructure. The partnership also included resolution of all outstanding intellectual property conflicts between the companies.
Energy Sector Retreats as Aviation Advances
Energy sector leaders bore the brunt of the peace agreement fallout. Chevron declined 2.5% while Exxon Mobil dropped 2.6%. Both benchmark crude oil contractsāBrent and West Texas Intermediateāwere trending toward their weakest closing prices in more than three months, based on Dow Jones Market Data.
Airline carriers exhibited the inverse pattern. American Airlines advanced 3.7%, Delta Air Lines climbed 3.8%, and United Airlines soared 4.6%. Market analysts attribute the gains to anticipated reductions in jet fuel expenses once Strait of Hormuz shipping lanes fully reopen.
Paramount Skydance appreciated 4.2% following Friday’s Justice Department clearance of Paramount’s $81 billion acquisition of Warner Bros. Discovery.
Among smaller-cap securities, VS Media Holdings exploded 95.3% in premarket activity. FreeCast jumped 70.3% after announcing an expanded partnership with DirectTV for streaming services. Cosmos Health rallied 42.3% on news of fresh contract manufacturing orders exceeding 253,000 units of pharmaceutical products.
Decliners included Reitar Logtech, which plummeted 23.8%. Traws Pharma slid 18.2% following unfavorable feedback from UK regulatory authorities regarding its influenza clinical trial. Perfect Moment declined 18.3% after disclosing its transition to the OTCQB trading venue.
The overarching narrative emerging from Monday’s premarket session remains straightforward: geopolitical stability in the Middle East catalyzed a significant capital reallocation from energy commodities into technology equities, particularly those with direct exposure to artificial intelligence and data center infrastructure expansion.
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