A.M. Update

Index futures are little changed since last night. S&P are up +0.8% and Nasdaq +2.3% after Micron’s blowout earnings. Semis are higher, meanwhile most Mag 7 and all of the hyperscalers are lower. Goldman’s Delta 1 desk asks, ” how much longer will they be willing to see their stock languish while funding semiconductor outperformance?…