Futures rise as tech stocks gain; Middle East conflict in focus

Company Insights - Meta is planning to reduce its workforce by 20% or more to manage costs associated with artificial intelligence infrastructure and improve efficiency through AI-assisted workers, leading to a 3% gain in premarket trading [2] - Nvidia's annual developer conference is anticipated to be significant for the AI sector, with expectations that it will showcase hardware capable of leading in AI development and everyday applications, contributing to a 1% gain in its stock [3] - Micron's stock increased by 4% following a price target hike by brokerage RBC, indicating positive market sentiment towards the company [4] Industry Trends - The ongoing conflict in the Middle East has resulted in elevated crude oil prices, currently around $100 per barrel, which is affecting investor sentiment and risk-taking behavior [4] - Central banks globally, including the Federal Reserve, are expected to focus on the impact of high energy costs in their upcoming meetings, with no changes anticipated in interest rates [5] - Wall Street's main indexes have experienced volatility due to the geopolitical situation, reflecting traders' concerns about its economic repercussions [7]