US Stock futures: S&P 500, NASDAQ and Dow Jones futures feel the heat as AMD rally keeps Wall Street at record levels

Core Insights - Advanced Micro Devices (AMD) expects annual data center chip revenue to reach $100 billion within the next five years, with earnings projected to more than triple, driven by accelerating AI momentum [1][5][7] - AMD's stock advanced 5.7% in premarket trading, reflecting investor optimism regarding its growth outlook [1][7] - The Dow Jones Industrial Average reached an all-time high, with the index recovering from earlier declines, indicating a positive market sentiment [2][7] Market Performance - US stock futures showed mixed results, with the Dow E-minis up 88 points (0.18%), S&P 500 E-minis up 19.25 points (0.28%), and Nasdaq 100 E-minis up 128.5 points (0.50%) [2][7] - The S&P 500 added 0.1% and approached its all-time high, while the Dow Jones Industrial Average increased by 327 points (0.7%) for a record second consecutive day [7] Company Developments - AMD's CEO, Lisa Su, announced expectations of over 35% annual compounded revenue growth over the next three to five years, highlighting the company's strong position in the AI sector [5][7] - The positive earnings outlook from AMD helped restore confidence in the AI trade, which had faced recent challenges [7]