US stock futures pointed higher on August 13 as mild July CPI data tempered expectations for further Federal Reserve rate hikes, lifting overall market sentiment. AI and semiconductor names led the pre-market charge, with NVIDIA surging over 3% to pace tech heavyweights, while Super Micro Computer skyrocketed nearly 20%. AI infrastructure plays Coreweave and Nebius each rallied more than 19%.

The broader AI and semiconductor complex traded broadly higher. On the macro front, US July CPI rose 3.4% year-over-year, with core CPI up 2.5%, both in line with consensus. Market pricing for a September Fed rate hike dropped to roughly 40%, fueling a valuation recovery across rate-sensitive technology names. Adding to the bullish tone, Lenovo's CEO announced a partnership with NVIDIA to launch AI PCs equipped with RTX chips, further stoking demand expectations for AI hardware.

AI and Semiconductor Sector Rallies Broadly; Super Micro Jumps 19%

At last check, NVIDIA (NVDA) gained 3.03% to $224.09, with pre-market volume exceeding 100 million shares. Super Micro Computer (SMCI) surged 19.02% to $37.61. Coreweave (CRWV) climbed 19.28% to $107.73. Micron Technology (MU) advanced 4.92% to $911.29. Intel (INTC) rose 3.32% to $100.95. AI cloud platform Nebius (NBIS) soared 34.14% to $259.20.

SpaceX Gains Nearly 10%; Space Names in Focus

SpaceX (SPCX) jumped 9.65% to $146.15, with pre-market turnover surpassing 167 million shares. Tesla separately drew attention amid reports it is considering a $10.1 billion solar factory in Texas, fueling broader interest in Elon Musk-linked assets.

Among other notable movers, Boxlight (BOXL) exploded 168.60% higher to $7.87. Rocky Mountain Chocolate (RMCF) surged 126% to $1.52. Hertz Global (HTZ) rose 14.29% to $2.80. In Chinese ADRs, Boqii (BQ) jumped 52.42% to $1.23. Among mega-cap tech, Apple (AAPL) edged 0.87% lower to $302.25.