Morning Movers: Hut 8 surges after 15-year, $9.8B lease

Stock futures are higher as investors look to rebound from last week's technology-led selloff, with attention turning to a week of megacap earnings that could determine whether the AI-driven rally regains momentum. However, gains remain restrained by escalating geopolitical tensions in the Middle East. This week's earnings calendar is headlined by Alphabet, Tesla, Intel and IBM, with investors closely watching whether continued heavy spending on artificial intelligence infrastructure is translating into stronger financial results. The reports come after semiconductor stocks suffered a sharp reversal last week, pushing the Philadelphia Semiconductor Index more than 20% below its June high and into bear market territory. Geopolitics remain a key market driver after the conflict between the United States and Iran intensified over the weekend. Brent crude climbed above $90 a barrel for the first time in more than a month as disruptions to shipping through the Strait of Hormuz fueled concerns over global energy supplies. The rise in oil prices has revived worries that higher energy costs could complicate the inflation outlook and influence future Federal Reserve policy. Treasury.