Tech Stocks Rally as Investors Navigate Middle East Volatility

Chipmakers led the early recovery, with Nvidia and Intel posting notable premarket increases. Market participants remain cautious, however, as the S&P 500 continues to labor under the dual weight of lofty tech valuations and the looming specter of tightened monetary policy. While the rebound offers a reprieve, analysts suggest that broader market momentum remains fragile. Investors are now recalibrating their portfolios in anticipation of the upcoming SpaceX market debut, a high-stakes event that could further disrupt current capital allocation trends across the sector.