CHAT is trading 1.9% up in pre-market, tracking firmer S&P 500 and Nasdaq futures following a strong late-week rally in large-cap technology.
- Sentiment is bolstered by robust AWS and Azure growth from Amazon and Microsoft, which has lifted the broader information technology complex and stabilized the sector after recent volatility.
- Macro conditions have turned more supportive as cooling PCE inflation and easing geopolitical tensions reduce the interest rate and energy worries that typically weigh on growth stocks.
- Investors are increasing tech exposure ahead of the Manufacturing PMI report due at 10:00 a.m. EST, seeking further confirmation of resilient economic activity and manageable price pressures.