AMD and Micron Rise With Intel in Oct. 19 Premarket Chip Rebound

Intel (INTC), Advanced Micro Devices (AMD) and Micron Technology (MU) gained before the Oct. 19 open as chip shares rebounded after a selloff, even as Dow futures declined.

Intel rose about 4% in premarket trading, while AMD and Micron each advanced about 3%. Nasdaq-100 futures gained 1.3% and S&P 500 futures rose 0.5%. Dow futures fell 0.2%, showing that the advance was concentrated in technology.

CoreWeave climbed about 6% before the open after Goldman Sachs upgraded its shares. The AI infrastructure company had fallen roughly 25% the previous week. It has borrowed heavily to build data centers, putting financing costs in focus.

Intel's gain also followed JPMorgan's upgrade to Neutral. The bank kept its $85 price target, below Intel's Oct. 16 closing price of $89.85, and still expects the chipmaker to lose share in server processors.

Intel’s third-quarter results are due after the Oct. 29 market close; its earnings call is set for 5 p.m. ET (21:00 UTC).