Stock index futures pointed to a higher open Thursday as the AI trade got some of its groove back thanks to Micron (MU). Investors were also cheered by a significantly softer-than-expected consumer inflation report.

U.S. stock futures are inching higher on Thursday after markets ended lower on Wednesday, amid growing concerns regarding a “hiring recession” following the November jobs report, which was released on Tuesday.

Dow Jones futures rose early Thursday, along with S&P 500 futures and Nasdaq futures, with key economic data due. Micron TechnologyMU surged before the open on strong earnings and guidance, lifting some other memory-related plays and other AI-related stocks.

Stock futures pointed higher ahead of delayed Consumer Price Index data Thursday, with the blue-chip Dow Jones Industrial Average and benchmark S&P 500 aiming to end four-session losing streaks.

US stock futures rose Thursday as investors awaited key CPI inflation data. Nasdaq futures led gains, supported by Micron’s strong AI-driven earnings outlook. Micron shares jumped premarket, lifting Nvidia and Tesla in early trading.

Micron remains in the spotlight on strong AI memory demand guidance ・Markets are looking for signs that inflation is trending toward the Fed's 2% goal. ・Retail sentiment on Stocktwits flipped bearish for major ETFs such as SPY and QQQ.

Futures tracking the S&P 500 and Nasdaq slid on Friday as chipmaker Broadcom's results sparked fresh worries about a potential artificial intelligence bubble, dampening investor optimism from a less hawkish Federal Reserve monetary policy decision earlier in the week.