Dow Futures rose 0.12%, S&P 500 Futures rose 0.21%, Nasdaq Futures rose 0.24%, reflecting a broadly risk-on tone.
Modine Manufacturing shares soared 27.24%. Samsung Electronics is in talks to acquire Modine, a U.S. maker of cooling systems for data centers, according to Bloomberg, citing people familiar with the matter.
Cerebras Systems climbed 18.40%. Shares rallied after a Q3 beat and higher guidance, alongside a new Microsoft cloud deal and capacity additions.
US-listed Nu Holdings gained 3.21%. The Brazilian digital lender posted third-quarter profit in line with analysts' estimates, while improving its efficiency ratio projections for the year partly due to an artificial intelligence-led slowdown in hiring.
SpaceX shares rose 1.74%. SpaceX and Tesla are progressing in their merger negotiations, and a deal could be announced as early as December, Bloomberg News reported on Thursday, citing people familiar with the matter.
Nvidia shares rebounded 1.19%. The shares closed down 4.3% on Thursday as the market digested Jensen Huang's sudden departure.
Other chip stocks also rose in overnight trading. Direxion Daily Semiconductors Bull 3x Shares rose 4%; Marvell Technology rose 3%; SanDisk, Micron Technology, SK hynix, Super Micro Computer Arm, Intel, and Western Digital rose 2%; TSMC rose 1%.
Comments