MGK is trading 2.1% higher in pre-market as growth and technology shares rebound following last week's semiconductor selloff.
- Tech-heavy indices are showing strength, with NASDAQ Composite futures up 1.16% and NASDAQ-100 futures gaining 1.02%.
- Chip stocks, including NVIDIA, are recovering amid continued optimism surrounding AI-related capital spending and enterprise adoption.
- The information technology sector remains supported by positive sentiment regarding long-term AI growth prospects.